India's current account deficit seen falling to around 1% or $10 billion in Q1, reports India Ratings
With falling trade deficit, India's current account deficit is likely to narrow to around USD 10 billion or 1 per cent of GDP in the April-June quarter of the ongoing fiscal, according to India Ratings.
The country's current account deficit (CAD) stood at USD 18 billion or 2.1 per cent in the corresponding period of the previous fiscal. Image Courtesy: Reuters.