Current account deficit rises 2.1% in FY19

Current account deficit increased to $57.2 billion or 2.1% of GDP in FY19 as against 1.8% or $48.7 billion in the previous year, RBI said. For FY19, the deficit widened despite a narrowing of the same in the March quarter. Overall trade performance was the prime influencer for both the contraction for the March quarter as well as a widening for the full year.

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