Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency
India Ratings and Research (Ind-Ra) forecasts a current account deficit of USD11 billion in 3QFY24, with expectations for a dip in the deficit in 4QFY24. Ind-Ra projects a rise in merchandise exports and imports, leading to a moderation of the goods trade deficit and an increase in the services trade surplus.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
