Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency

India Ratings and Research (Ind-Ra) forecasts a current account deficit of USD11 billion in 3QFY24, with expectations for a dip in the deficit in 4QFY24. Ind-Ra projects a rise in merchandise exports and imports, leading to a moderation of the goods trade deficit and an increase in the services trade surplus.
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