Current account deficit likely to hit three-year high at $43.8 billion in FY22

According to an assessment by India Ratings, the Current Account Deficit (CAD) has moderated to USD 17.3 billion or 1.96 per cent of GDP in the fourth quarter of FY22 as against USD 8.2 billion or 1.03 per cent in the year-ago period, and massively down from USD 23.02 billion or 2.74 per cent in Q3, which was a 13-quarter high.

Current account deficit likely to hit three-year high at $43.8 billion in FY22
According to an assessment by India Ratings, the Current Account Deficit (CAD) has moderated to USD 17.3 billion or 1.96 per cent of GDP in the fourth quarter of FY22 as against USD 8.2 billion or 1.03 per cent in the year-ago period, and massively down from USD 23.02 billion or 2.74 per cent in Q3, which was a 13-quarter high.