Begin typing your search above and press return to search.
exit_to_app
His name is Khan, after all
access_time 2021-10-18T10:43:46+05:30
Not Rahul; Time for Priyanka in Uttar Pradesh
access_time 2021-10-18T15:35:44+05:30
Five years on,  Najeeb still missing
access_time 2021-10-14T11:35:37+05:30
access_time 2021-10-13T13:28:12+05:30
More than just an award, a message
access_time 2021-10-11T09:31:16+05:30
DEEP READ
exit_to_app
Homechevron_rightBusinesschevron_rightCAD widens to 2.5 pc...

CAD widens to 2.5 pc of GDP in Q3

text_fields
bookmark_border
cancel
camera_alt""

Mumbai: The country's current account deficit widened to 2.5 per cent of GDP in third quarter of the current fiscal from 2.1 per cent a year ago, primarily on account of a higher trade deficit, the RBI said Friday.

In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period, up from USD 13.7 billion in the year-ago period.

The deficit, however, had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter (July-September).

"The widening of the CAD (current account deficit) on a year-on-year basis was primarily on account of a higher trade deficit at USD 49.5 billion as compared with USD 44.0 billion a year ago," the Reserve Bank of India (RBI) said in a statement.

The CAD increased to 2.6 per cent of GDP during the April-December 2018 period, from 1.8 per cent in April-December 2017 on the back of widening of the trade deficit.

Show Full Article
TAGS:
News Summary - CAD widens to 2.5 pc of GDP in Q3
Next Story