July-Sept CAD Narrows To 1.2% Of GDP
  • Prabha Hedge
  • Dec 02 2013

December 2: India’s current account deficit for the period July to September was announced today and it came in at U.S. $ 5.2 billion. The lower CAD was primarily on account of a decline in the trade deficit as merchandise exports picked up and imports moderated, particularly gold imports.