Key Points
New Delhi: India's current account deficit (CAD) widened in the April-June quarter to $9.2 billion or 1.1% of GDP from $1.3 billion in the preceding three months..
The September quarter is expected to see a substantial widening of the deficit as the trade balance has been worsening sequentially, oil and higher core imports are rising, and services exports are slowing further..
Mint explains the relevance of the data in the context of the Indian economy..
While the current account is the sum of net income from abroad, net current transfers, and the balance of trade, balance of payments includes the current account and the capital account...
The current account deficit is expected to widen in the coming quarter if crude prices continue to rise..
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