» CAD Q2 FY18 News

CAD Q2 FY18

India's current account deficit more than doubles in Q2 FY18

India's current account deficit more than doubles in Q2 FY18

Wed, Dec 13, 2017

RBI said that India's CAD rose to $7.2 billion (1.2%) in the second quarter of 2017-18 as against $3.4 billion, or 0.6% of the GDP in thte same quarter of last year. The data further revealed that CAD narrowed sharply from $15 billion in the first quarter of the current fiscal year (2.5% of the GDP). 

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