Per the data released by RBI, the CAD in the October-December quarter amounted to 1.2 per cent of India’s GDP.
India’s current account deficit (CAD) declined to $10.5 billion in the third quarter of 2023-24 as compared to $11.4 billion during the previous three months and $16.8 billion a year back, according to the data released by Reserve Bank of India (RBI) said on Tuesday.
Per the data, the CAD in the October-December quarter amounted to 1.2 per cent of India’s GDP. The CAD in July-September 2023 period was 1.3 per cent of the GDP and it was 2.0 per cent of GDP during October-December 2022 period.
Source:financialexpress.com