Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 221)

2024-03-27 Economy

221.

What was India's current account deficit as a percentage of GDP in the October-December quarter?

1.0%

1.2%

1.3%

1.5%

Answer: Option

Explanation:

India's current account deficit (CAD) narrowed to 1.2% of GDP in the October-December quarter, revised from the earlier estimate of 1.3%. The CAD represents the difference between the country's exports and imports of goods and services, reflecting its trade balance with the rest of the world.