CAD dips to 1.2% of GDP in Q3 as providers exports rise
India’s present account deficit (CAD) narrowed within the third quarter (Q3FY24) with an increase in providers exports and secondary earnings offsetting the marginally increased merchandise commerce hole. CAD narrowed to $10.5 billion (1.2 per cent of GDP) in Q3 (October-December) FY24, decrease than $11.4 billion (1.3 per cent of GDP) within the previous quarter. It … Read more