India's CAD narrowed sharply to $1.2 billion in Q4 of 2013-14

India’s current account deficit (CAD) narrowed sharply to US $1.2 billion (0.2 per cent of GDP) in Q4 of 2013-14 from US $18.1 billion (3.6 per cent of GDP) in Q4 of the previous year on account of a steep fall in gold imports that led the sharp decline in imports.  read more