CAD moderates marginally to 1.2% of GDP in Jul-Sep qtr

Despite merchandise trade deficit up to $75.3 bn

- PTI

India's current account deficit (CAD) moderated marginally to USD 11.2 billion or 1.2 per cent of GDP year-on-year in the July-September quarter of financial year 2024-25, according to Reserve Bank data released on Friday.

The current account deficit, which is an indicator of the country's external payment scenario, was USD 11.3 billion or 1.3 per cent of the GDP during the second quarter of 2023-24.