India records current account deficit of 1.2% in FY22

India’s CAD decreased to $ 13.4 billion (1.5 per cent of GDP) in Q4'2021-22 from $ 22.2 billion (2.6 per cent of GDP) in Q3'2021-22 according to the preliminary estimates released by the Reserve Bank of India on Wednesday. But it was higher than $ 8.1 billion (1.0 per cent of GDP) in Q4'2020-21 on account of a sharper rise in trade deficit

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