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What is Current Account Deficit Monitoring by Govt about?

The government and the Reserve Bank of India do not set specific targets for the current account deficit (CAD) but aim to monitor and manage it to sustainable levels. Measures taken include reducing non-essential imports and liberalizing external borrowing norms. The CAD is expected to be below $56 billion this fiscal year, down from a record high of $88.2 billion last year.

Author

pakshal19

Language

EN