2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.7%
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4.4%
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1.2%
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3.1%
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Detailed explanation-1: -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-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: -The merchandise trade deficit for April-November 2022 was estimated at USD 198.35 Billion as against USD 115.39 Billion in April-November 2021.
Detailed explanation-4: -Current account balance (% of GDP) in India was reported at –1.0522 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Detailed explanation-5: -Current account deficit widens to a 9-year high at 4.4% of GDP.