Friday, 23 September 2016

#AOJDailyeNews Lower gold imports pull current account deficit down

Contrary to expectations of a surplus, India’s current account deficit (CAD) has amounted to $300 million, or 0.1 per cent of GDP, in the first quarter of 2016-17 as against $6.1 billion (1.2 per cent of GDP) in the same period of last year mainly due to the fall in gold imports and lower oil import bill. Read More

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