The deficit was at USD 9.9 billion or 1.3 per cent of the GDP within the second quarter of this fiscal whereas the identical stood at USD 2.2 billion or 0.3 per cent of the GDP within the year-ago interval, the info on Stability of Funds confirmed.
The widening of the present account deficit for the December quarter was attributed by the central financial institution to pressures on the trade deficit entrance, with the hole on that entrance growing to USD 60.4 billion as a result of rising imports.
Web providers receipts elevated, each sequentially and on a year-on-year (y-o-y) foundation, on the again of sturdy efficiency of web exports of pc and enterprise providers.
For the primary 9 months of the present fiscal, the present account deficit got here at 1.2 per cent of the GDP as towards a surplus of 1.7 per cent within the April-December 2020 interval, as per the info.
