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in Economy

CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra

by Editor August 13, 2022, 12:19 pm 1.7k Views

current account deficit, government policies

India can tolerate a Current Account Deficit (CAD)of 2.5-3.0 per cent of GDP without experiencing an external sector crisis, Reserve Bank of India Deputy Governor Michael Patra said on Saturday.

“In a telling reminder of this fact, a record increase in oil prices and high gold imports took the current account…

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