By some accounts, CAD could widen as much as 2.7% of GDP in the current fi scal, prompting a warning from former Reserve Bank of India governor Raghuram Rajan amid a trade war and rising US rates.
By ET Bureau | Updated:
Agencies
Concerted efforts by the government and the Rajan-led RBI had curbed foreign exchange turmoil in 2013. ET takes a look at the state of India’s external account.
The increasing difference between imports and exports is causing the current account deficit to swell. By some accounts, it could widen as much as 2.7% of GDP in the current fi scal, prompting a warning from former Reserve Bank of India governor Raghuram Rajan amid a trade war and rising US rates. Concerted efforts by the government and the Rajan-led RBI had curbed foreign exchange turmoil in 2013. ET takes a look at the state of India’s external account.
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