What is the Current account deficit (CAD) of India in the 3rd quarter of the year 2019?

  • 12.1% of GDP
  • 22.3% of GDP
  • 32.5% of GDP
  • 42.9% of GDP
Answer:- 3
Explanation:-

Current account deficit (CAD) of India has widened to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter.

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