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Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1129)
2019-07-02 Economy
1129.
How much percent of GDP has been increased for India's Current Account Deficit(CAD) in Fy19?
2.3% of GDP
2.5% of GDP
2.1% of GDP
2.7% of GDP
Answer: Option
Explanation:
The Reserve Bank of India (RBI) stated that India's Current Account Deficit (CAD) increased to $57.2 billion or 2.1% of the Gross Domestic Product (GDP) in FY19 as against 1.8% of 2018 which stood at $48.7 billion. It was the highest in 6 years on due to higher trade deficit caused by high crude oil imports.An increase in trade deficit to $180.3 billion for the year as a whole as against $160 billion in 2018 led to the widening of the CAD in FY19.
Discussion:
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