The Reserve Bank of India (RBI) reported on Monday that the nation’s current account deficit (CAD) narrowed significantly to $2.4 billion, or 0.2% of the Gross Domestic Product (GDP), during the first quarter of the current fiscal year. This figure marks a sharp decline from the $8.9 billion deficit recorded in the same period last…
The Reserve Bank of India (RBI) reported on Monday that the nation’s current account deficit (CAD) narrowed significantly to $2.4 billion, or 0.2% of the Gross Domestic Product (GDP), during the first quarter of the current fiscal year. This figure marks a sharp decline from the $8.3 billion, or 0.9% of GDP, recorded during the…
Economic Overview The Reserve Bank of India (RBI) reported on Monday that the nation’s current account deficit (CAD) narrowed significantly to $2.4 billion, or 0.2% of the Gross Domestic Product (GDP), during the first quarter of the 2024-25 fiscal year. This figure represents a sharp decline from the $8.9 billion deficit recorded in the same…
