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According to the Reserve Bank of India, the Current Account Deficit (CAD) widened to ________ of GDP for the July-September quarter.

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According to the Reserve Bank of India, the Current Account Deficit (CAD) widened to ________ of GDP for the July-September quarter.
1). 2.9%
2). 3.5%
3). 2%
4). 1.9%


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Answered by on | Votes 1 |
  • According to the Reserve Bank of India, the Current Account Deficit (CAD) widened to 2.9% of GDP for the July-September quarter.
  • The deficit for the second quarter was $19.1 billion.
  • The CAD for the April-June quarter was 2.4% of GDP or $15.9 billion.
  • The widening of CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion.

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