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India's CAD narrows to _____ billion dollars in the January-March quarter
A)
1.9 billion
B)
1.7 billion
C)
1.5 billion
D)
1.3 billion

Correct Answer :   1.3 billion


According to the data released by the Reserve Bank, the current account deficit (CAD) of India has been narrowed to 1.3 billion dollars or 0.2% of GDP in the January-March quarter of the last fiscal (2022-23).

The decline was mainly due to moderation in the trade deficit and a robust increase in services exports.

RBI data has shown that net services receipts increased, both sequentially and on a year-on-year basis, on the back of a rise in net earnings from computer services..

Source : AIR

Published On : June 28, 2023
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