2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40%
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3.4%
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2.8%
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4%
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Detailed explanation-1: -MUMBAI: The country’s current account deficit (CAD) widened in the second quarter of FY23 to a nine-year high of 4.4% of the gross domestic product, or $36.4 billion in absolute terms.In value terms, the quarterly CAD is the highest in more than a decade and more than the $35 billion forecast by economists.
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: -Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps.
Detailed explanation-4: -The US current account deficit narrowed to $251.1 billion in Q2 2022, or equivalent to 4% of the GDP, following a record gap of $282.5 billion in Q1 and below forecasts of a $260.6 billion gap.