Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.85)

85. 

What is the Current account deficit (CAD) of India in the 3rd quarter of the year 2019?

[A]. 2.1% of GDP
[B]. 2.3% of GDP
[C]. 2.5% of GDP
[D]. 2.9% of GDP

Answer: Option C

Explanation:

Current account deficit (CAD) of India has widened to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter.

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