India's Current Account Deficit Narrows to 1.2% of GDP at $10.5 Billion in Oct-Dec Quarter In a recent announcement by the Reserve Bank of India (RBI), India's current account deficit (CAD) has witnessed a significant reduction, narrowing to $10.5 billion or 1.2% of GDP in the October-December quarter. This marks a positive turn from the previous quarter's figure of $11.4 billion and reflects promising trends in the nation's trade and economic activities. Key Highlights : CAD Reduction : The narrowing of India's current account deficit is a notable achievement, indicating improved balance in the nation's trade dynamics. This reduction showcases effective measures taken to address trade imbalances and strengthen economic fundamentals. Trade Dynamics: The central bank's revision of CAD for the second quarter underscores the impact of upward adjustments in customs data on merchandise imports. Despite challenges, India's trade dynamics exhibit resilience, w
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