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DECIPHERING THE DECLINE IN INDIA’S CURRENT ACCOUNT DEFICIT (CAD)

Syllabus: GS 3 : Government budgeting Focus: India’s CAD has seen a notable decline, dropping from 2% of the GDP in Q3 2022-23 to a mere 1.2% in Q4 2023-24. Source: IE Significance: CAD serves as a pivotal indicator, reflecting a country’s external economic balance. A higher CAD often triggers concerns about potential rupee depreciation. …

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