2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.3% of GDP
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2.5% of GDP
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2.1% of GDP
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2.7% of GDP
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Detailed explanation-1: -As a percentage of GDP, India’s July-September CAD is 4.4 percent as against 2.2 percent in April-June and 1.3 percent in July-September 2021. For the half-year ended September, the deficit is 3.3 percent of GDP, sharply higher than the 0.2 percent in April-September 2021.
Detailed explanation-2: -India Current Account deficit accounted for 4.4 % of the country’s Nominal GDP in Sep 2022, compared with a 2.2 % deficit in the previous quarter. India Current Account Balance: % of Nominal GDP data is updated quarterly, available from Jun 2004 to Sep 2022, with an average value of -1.6 %.
Detailed explanation-3: -"India’s current account balance recorded a deficit of USD 36.4 billion (4.4 per cent of GDP) in Q2:2022-23, up from USD 18.2 billion (2.2 per cent of GDP) in Q1:2022-23 and a deficit of US$ 9.7 billion (1.3 per cent of GDP) a year ago [i.e., Q2:2021-22],” the RBI said.
Detailed explanation-4: -India recorded a current account deficit of 3.3 per cent of GDP in H1:2022-23 on the back of a sharp increase in the merchandise trade deficit, as compared with 0.2 per cent in H1:2021-22.