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Current account deficit narrows to 1.1% of GDP

Mumbai, September 28 India’s current account deficit (CAD) narrowed to $9.2 billion or 1.1% of GDP for the April-June period, the Reserve Bank of India said on Thursday. The current account deficit (CAD), which represents the difference between the total...

PTI

Updated At : 12:54 PM Sep 29, 2023 IST

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Mumbai, September 28

India’s current account deficit (CAD) narrowed to $9.2 billion or 1.1% of GDP for the April-June period, the Reserve Bank of India said on Thursday.

The current account deficit (CAD), which represents the difference between the total amount of money sent abroad and money received from overseas across the economy, stood at $17.9 billion or 2.1% of GDP in the year-ago period.

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