Current account deficit widens to 2.9% in Q2

Current account deficit widens to 2.9% in Q2

mp rojgar samachar December 10, 2018

  1. According to the Reserve Bank of India, the Current Account Deficit (CAD) widened to 2.9% of GDP for the July-September quarter.
  2. The deficit for the second quarter was $19.1 billion.
  3. The CAD for the April-June quarter was 2.4% of GDP or $15.9 billion.
  4. The widening of CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion.
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