A widening current account deficit is both good news and bad2 min read . Updated: 02 Jul 2021, 06:00 AM IST
The CAD stood at $8.2 billion for the March quarter, or 1% of gross domestic product (GDP), according to the latest data. The key factor was the 19% growth in imports.
India’s widening current account deficit (CAD) brings relief on the economic growth front, especially since it was led by imports growth. But the increase in imports comes along with a global commodity price surge, a sure path towards inflationary pressures.
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