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Current Account Deficit
April 11 , 2022
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- India’s Current Account Deficit (CAD) increased to $23 billion (2.7 per cent of GDP) in the third quarter (Q3) of 2021-22 from $9.9 billion (1.3 per cent of GDP) in Q2 of 2021-22 and $2.2 billion (0.3 per cent of GDP) in Q3 of 2020-21.
- According to the Reserve Bank of India, the widening of CAD in Q3 of 2021-22 was mainly on account of a higher trade deficit.
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