 "CAD in Q3 set to be higher than Q2: Finmin officials")
The CAD figures for Q3 would be released later today.
India's CAD has been breaking records of late. In the year 2011-12, it touched 4.2% of GDP which was at its peak then. Then, in the second quarter of the current financial year, it reached 5.4% of GDP against 4.2% in the corresponding period of last fiscal.
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In the first half of the current financial year, CAD stood at 4.6 per cent of GDP against 4% in the corresponding period of 2011-12.
Finance minister P Chidambaram had for the first time flagged the issue in the Budget for 2013-14. He had termed CAD a greater worry than the Centre's fiscal deficit. End
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