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India's current account deficit shrinks sharply in Oct
March 12, 2020 | By The Times of India
business
The CAD declined to 0.2% of gross domestic product in the three months, the third quarter of the 2019/20 fiscal year, from 2.7% in the same period a year before. On a quarterly basis, it shrank from 0.9% of GDP in the second quarter. The CAD measures the diff…
:
NEW DELHI: India' scurrentaccountdeficit (CAD) narrowed further in the October-December quarter on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on Thursday. The CAD declined to 0.2% of g
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