Section

India's CAD narrows to 1.2% of GDP in Q3 due to higher service costs

By Economic Times - 8 months ago
India's current account deficit (CAD) decreased in the October-December quarter of fiscal year 2023/24 to $10.5 billion, or 1.2% of GDP, compared to $11.4 billion or 1.3% of GDP in the previous quarter. This improvement was primarily driven by higher service exports, with a 5.2% year-on-year growth in services exports, particularly in software, business, and travel services.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.