India will fully fund current account deficit: FM
Chidambaram said he was confident of keeping the current account gap below last year's levels with some stern steps
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Chidambaram said he was confident of keeping the current account gap below last year's levels with some stern steps
)
India will "fully and safely" fund its current account deficit this fiscal year without depleting its forex reserves, Finance Minister P. Chidambaram said on Tuesday.
The deficit hit 4.8% of GDP in the previous fiscal year that ended in March.
Chidambaram said he was confident of keeping the current account gap below last year's levels with some stern steps.
First Published: Jul 16 2013 | 3:32 PM IST