 "Rupee, Indian Rupee, Indian currency")
India’s current account deficit (CAD) in April-June was at $23.9 billion, or 2.8 per cent of gross domestic product (GDP), much higher than the $13.4 billion, or 1.5 per cent of GDP, in January-March 2022, the Reserve Bank of India (RBI) said on Thursday.
India had recorded a current account surplus of $6.6 billion, or 0.9 per cent of GDP, in April-June 2021. The CAD for FY22 was 1.2 per cent of GDP, or $38.7 billion. For the first quarter of the current year, it is lower than analysts’ prediction of around 3 per cent of GDP.
“Underlying the current account deficit
