Current Affairs · Economy

Consider the following statements regarding India's Current Account Deficit (CAD) for the third quarter (Q3: October-December) of the fiscal year 2022-23 released by the RBI: 1. India's Current Account Deficit declined to USD 18.2 billion or 2.8% of the GDP in Q3 of 2022-23. 2. The decline was mainly on account of a narrowing merchandise trade deficit. Which of the statements given above is/are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Both 1 and 2

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