Current account deficit narrows to 1% of GDP at $8.3 bn in Q2: RBI
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
The rating agency projects imports to contract by 4% in FY24 on the back of healthy growth in FY23, which is estimated to be at 15%.