Current Account Deficit narrows to 2.2 pc of GDP in Q3: RBI data
The Current Account Deficit (CAD) was USD 30.9 billion or 3.7 per cent of the GDP in the second quarter of 2022-23 and at USD 22.2 billion or 2.7 per cent of the GDP in the December quarter of 2021-22.
Services exports reported a growth of 24.5 per cent on a year-on-year (y-o-y) basis on the back of rising exports of software, business and travel services. (Image: Pixabay )