2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.1 % of GDP
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2.3 % of GDP
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2.5 % of GDP
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2.9 % of GDP
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Detailed explanation-1: -Current account deficit or CAD is the difference between the money coming in due to exports and the money going out due to imports.
Detailed explanation-2: -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.
Detailed explanation-3: -The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $21.6 billion, or 9.1 percent, to $217.1 billion in the third quarter of 2022.
Detailed explanation-4: -About: The Current Account Deficit (CAD) narrowed to 0.9 % of GDP in 2019-20 from 2.1 % in 2018-19 on the back of the trade deficit which shrank to US$ 157.5 billion in 2019-20 from US$ 180.3 billion in 2018-19.