Subbarao warns of record current account deficit
PTI: Mumbai, Feb 11 2013, 14:35 IST
the CAD. On the other hand, what we are getting is a lot of volatile flows to finance it," Subbarao said.
In FY12, after hitting a high CAD of 4.3 per cent, which was then a record, CAD had declined to 3.9 per cent of GDP, though it was 10 bps above the year ago period.
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