CAD narrows to 0.9% of GDP in July-Sept on lower trade deficit: RBI

In the first half of the current fiscal, the CAD narrowed to 1.5 per cent of GDP from 2.6 per cent in the same period in FY2018-19 on the back of a reduction in the trade deficit. Trade deficit shrank to USD 84.3 billion in the first half of FY2019-20 from USD 95.8 billion last year, the RBI said.

from Economy-News-Economic Times https://ift.tt/2SER9H2