External Sector

1. Current Account Deficit

• India’s current account deficit(CAD) contracted to 0.9 per cent of its GDP for the quarter ended September 2019, compared to a deficit of 2.9 per cent of GDP, in the same period of year ago as the trade deficit contracted to $ 38.1 billion due to slowdown in imports and lower oil prices.
• In absolute terms, CAD a was at $ 6.3 billion or 0.9 per cent of GDP during July- September 2019, compared to $ 19.0 billion or 2.9 per cent of GDP during July- September 2018 and $ 14.2 billion (2.0 per cent of GDP) in ....