Tuesday, May 27, 2014

BJP govt inherits historic low CAD, handsome BoP

The BJP-led government may inherit an economy which has logged a decade-low growth rate, but on the external front, there is a gift to the new government from the outgoing UPA regime. As per the data released by the the Reserve Bank of India(RBI) on Monday, the current account deficit (CAD) is merely $1.2 billion, or 0.2 per cent of gross domestic product (GDP) in the January-March quarter............

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