India's current account deficit widens sequentially on higher trade deficit
CFO News
SEPTEMBER 28, 2023
India's current account deficit (CAD) widened to $9.2 India's foreign exchange reserves increased by $24.4 billion, and net foreign direct investment decreased to $5.1 billion in Q1FY24, equivalent to 1.1% of GDP on a sequential basis. Yet it narrowed on a YoY basis, compared to $17.9 billion in Q1FY23.
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