India’s present account deficit surged within the three months from October to December, primarily on the again the widening of the trade deficit, the Reserve Financial institution of India mentioned in a launch on Thursday.
The current account deficit stood at $23 billion or 2.7% of GDP within the third quarter of fiscal 12 months 2021/22, in contrast with a deficit of $2.2 billion or 0.3% of GDP in the identical quarter a 12 months in the past.
