India's Q3 CAD widens to $13.5 bn

By Indo Asian News Service | Friday, March 16, 2018 | 6:16:04 PM IST (+05:30 GMT) Comment 0 Comment

Mumbai, March 16 (IANS) India's current account deficit (CAD) widened to $13.5 billion during the third quarter of 2017-18 from $7.2 billion in the second quarter and $8 billion in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed on Friday.

Mumbai, March 16 (IANS) India's current account deficit (CAD) widened to $13.5 billion during the third quarter of 2017-18 from $7.2 billion in the second quarter and $8 billion in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed on Friday.

"India's CAD at $13.5 billion (2 per cent of GDP) in Q3 of 2017-18 increased from $8 billion (1.4 per cent of GDP) in Q3 of 2016-17 and $7.2 billion (1.1 per cent of GDP) in the preceding quarter," the RBI said.

--IANS

rv/mr

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