Expect CAD At $71 Bn This Fiscal: Indranil Pan
  • Elizabeth George
  • Sep 30 2013

September 30: Kotak Mahindra Bank’s Indranil Pan does not expect major improvement in CAD in the first quarter due to the huge increase in gold imports. However, the Q2-Q4 period saw an improvement in exports, which will help the CAD to come down, he says, adding that the overall year is likely to be better. “We’re expecting the broad CAD to be around $71 billion, which is near 3.8% of the GDP,” he adds.