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This is an archive article published on January 1, 2022

Current account posts deficit, at 1.3% of GDP

As per the RBI, the CAD was mainly due to the trade deficit widening to $44.4 billion from $30.7 billion a quarter ago.

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Reserve Bank of India (File)Reserve Bank of India (File)

The nation registered a current account deficit (CAD) of $9.6 billion (1.3 per cent of GDP) in the second quarter ended September of 2021-22, as against a surplus of $6.6 billion (0.9 per cent of GDP) in the first quarter and $15.3 billion (2.4 per cent of GDP) in the year-ago period (Q2 of 2020-21).

As per the RBI, the CAD was mainly due to the trade deficit widening to $44.4 billion from $30.7 billion a quarter ago.

© The Indian Express (P) Ltd
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