India’s current account deficit (CAD) of $36.4 billion in July-September of the current fiscal (Q2 FY23) is double of $18.2 billion (2.2% of GDP) from Q1 of the fiscal. Negative CAD implies India is importing more goods and services than it is exporting, resulting in forex outgo.
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Budget 2023
Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP
The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.
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