The Reserve Bank of India (RBI) stated that India's Current Account Deficit (CAD) increased to $57.2 billion or 2.1% of the Gross Domestic Product (GDP) in FY19 as against 1.8% of 2018 which stood at $48.7 billion. It was the highest in 6 years on due to higher trade deficit caused by high crude oil imports.An increase in trade deficit to $180.3 billion for the year as a whole as against $160 billion in 2018 led to the widening of the CAD in FY19.
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