Cad: Current account deficit shrinks to 1% of GDP
MUMBAI: The current account deficit (CAD) for the September quarter shrunk to $8.3 billion, around 1% of the GDP — a marked improvement from $30.8 billion (3.8% of GDP) a year ago and $9.2 billion (1.1% of GDP) in the first quarter of FY24.The improvement in the current account was due to a significant reduction … Read more