India’s Current Account Deficit Narrows

The current account deficit in India narrowed to USD 7.1 billion in the fourth quarter of 2015 from a USD 7.7 billion gap in a year earlier, mainly due to a lower trade deficit (USD 34 billion from USD 38.6 billion). The current account gap for the three months to December of 2015 corresponds to 1.3 percent of the country’s […]
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