dr gs sood

The worst may be over for now

THE green shoots are at last visible in the Indian economy, with the current account deficit (CAD) narrowing sharply in the September quarter to 1.2 per cent of GDP as against 4.9 per cent in the quarter ending June, thanks to higher exports led by recovery in the US and Europe and lower imports due to curbs on non-essential items such as gold. This has raised expectations that the CAD for the full year may remain well within the target or even be lower at around 2.5 to 3 per cent of GDP and may give the government some elbow room to face any future global shocks.

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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