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Current account deficit for first quarter stood at 2.4% of GDP

Sep 09, 2018 20:41 IST

India's current account deficit stood at 15.8 billion dollars in the first quarter of 2018-19 which is 2.4 per cent of the GDP. The current account deficit was for the same period last year was 2.5 per cent. According to RBI, widening of the CAD is primarily due to higher trade deficit this year.

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