India’s Oct-Dec current account deficit widens to 2.7% of GDP

India’s current account deficit surged in the three months from October to December, mainly on the back the widening of the trade deficit, the Reserve Bank of India said in a release on Thursday.

The current account deficit stood at $23 billion or 2.7% of GDP in the third quarter of fiscal year 2021/22, compared with a deficit of $2.2 billion or 0.3% of GDP in the same quarter a year ago.

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