World
India's current account gap in July-Sept at 0.6pc of GDP
MUMBAI: India posted a current account deficit of $3.
1 min
By
That compared with a deficit of $8.5 billion, or 1.7 percent of GDP, in the same quarter a year ago, according to data released by the RBI. In the April-June period, the current account deficit was $300 million or 0.1 percent the GDP.
Meanwhile, the balance of payments was at a surplus of $8.5 billion compared with a deficit of $900 million a year ago, the RBI data showed.