Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.11)

11. 

India's Current Account Deficit (CAD) is expected to remain at how much percent of GDP?

[A]. 2.3 %
[B]. 2.4 %
[C]. 2.5 %
[D]. 2.6 %

Answer: Option A

Explanation:

According to Investment Information and Credit Rating Agency (IICRA), despite recent slowdown in Merchandise exports and imports, India's Current Account Deficit (CAD) is expected to remain steady at a range of 16-17 billion dollars or 2.3 % of GDP (Gross Domestic Product) in the first quarter.

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