HomeNews listOBJECTIVE PRESSIndia reports CAD of 1.2% of GDP in FY22 on widening trade deficit

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit

  • June 22, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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India witnessed a current account deficit of 1.2 per cent of GDP in 2021-22 against a surplus of 0.9 per cent in FY2020-21 due to a wider trade deficit, the Reserve Bank said on Wednesday. For the January-March 2022 quarter, the CAD narrowed on a sequential basis to $13.4 billion or 1.5 per cent of GDP against $22.2 billion or 2.6 per cent of GDP in the December 2021 quarter.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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