India's Q1 current account deficit (CAD) at 2.4% of GDP: RBI data

India's current account deficit (CAD) as a percentage of GDP declined marginally to 2.4 per cent in the April-June quarter of 2018-19 against 2.5 per cent in the year-ago period, the RBI data released Friday showed.

In value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.
 

"India's current account deficit (CAD) stood at $15.8 billion (2.4 per cent of GDP) in Q1 of 2018-19 as compared with $15 billion (2.5 per cent of GDP) in Q1 of 2017-18," the