 "High net exports signal rising pressure on India’s current account deficit")
India’s current account deficit (CAD) is set to widen in Q3 with net exports ratio touching the highest level in three years — at -3.9 per cent of gross domestic product (GDP) in the October-December quarter of FY22, GDP data has shown.
Experts believe growing geo-political risks and hardening commodity prices could further widen CAD in the near term.
Net exports is considered a proxy for CAD. While net exports in the GDP data captures the difference between imports and exports of both goods and services, CAD data, released by the Reserve Bank of India (RBI), also factors in private
