Context Over the past year, the post-pandemic normalisation has caused India’s current account deficit (CAD) to swell to exceptional proportions. At home, normalisation has spurred a renewed demand for imported inputs. But abroad, it has had the opposite effect, leading …
What is the Current Account Deficit ? Current account deficit is simply the difference between the value of the goods and services that a country imports and the value of the products it exports. It encompasses the trade deficit plus …