The answer to the CAD lies within

Yesterday’s column (“Uncomfortable truth about CAD”, FE, April 24, http://goo.gl/l1u5g) pointed out how the sharp correction in gold and oil prices has set the proverbial cat among the pigeons. With these two commodities compromising 40% of all India’s imports, there is an increasing expectation in some quarters that—as long as prices persist at current levels—our current account worries are over and, with it, concerns about macroeconomic stability.

Read Full Story>>