Current account deficit narrows to $10.5 billion in Q3 from $11.4 billion
MUMBAI: The current account deficit narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion – 2% of GDP – recorded in the year-ago period. Analysts are now forecasting that the CAD … Read more