Current account deficit narrows to 1.5% of GDP in March quarter2 min read . Updated: 23 Jun 2022, 06:38 AM IST
Moderation in trade deficit and a lower net outgo of primary income behind contraction
MUMBAI : India’s current account deficit CAD) narrowed to 1.5% of gross domestic product (GDP) in the three months through March, down from 2.6% in the December quarter, primarily because of a moderation in trade deficit and lower net outgo of primary income.
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