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India's current account deficit widens in January-March

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's current account deficit widened to $3.4 billion, or 0.6 percent of gross domestic product, in the January-March quarter from the same period a year earlier, the Reserve Bank of India said in a statement on Thursday. That compared with a deficit of $0.3 billion, or 0.1 percent of GDP in the same quarter of 2016, and a deficit of $8 billion, or 1.4 percent of the GDP in the October-December quarter, according to the RBI data. For the full year till March, current account deficit narrowed to 0.7 percent of GDP, from 1.1 percent in 2015/16, on the back of contraction in ...

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First Published: Thu, June 15 2017. 18:04 IST
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