For the quarter ending in June 2023 (Q1FY24), India's current account deficit (CAD) widened sequentially to $9.2 billion or 1.1% of the gross domestic product (GDP) compared to $1.3 billion in Q4 FY23 (0.2% of GDP).
It is to be noted that in the year-ago period, CAD was $17.9 billion, or 2.1% of the GDP.
On this development, the Reserve Bank of India (RBI) in a statement said the quarter-on-quarter widening of CAD was on account of higher trade deficit coupled with a lower surplus in net services and decline in private transfer receipts.
この記事は The Statesman の September 29, 2023 版に掲載されています。
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この記事は The Statesman の September 29, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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