India’s current deficit stands at historic high, RBI cautions of risks

India’s current account deficit (CAD) — the difference between dollar inflows and outflows — stood at a historic high of 4.8% of GDP in 2012-13, amid signs that the gap could remain at worrisome levels, despite having halved to 3.6% of GDP during January to March, from the previous quarter’s 6.7%, latest Reserve Bank of India (RBI) data showed.

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