Don’t miss the latest developments in business and finance.

Trade deficit: Boon or bane?

Image
Ila Patnaik New Delhi
Last Updated : Jan 28 2013 | 2:26 AM IST
 The latest quarterly data on balance of payments released by the RBI last week, reveals a new development: After six consecutive quarters of surpluses, India recorded a current account deficit of $ 1.2 billion in the quarter April-June 2003.

 Trade deficits are generally considered bad news in India. We have a long history of distress owing to large trade deficits.

 Many people have vivid memories of

Also Read

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

First Published: Oct 15 2003 | 12:00 AM IST

Next Story