Subbarao warns of record current account deficit

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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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Theories of Economics are also perishable commodities

rajnish | 11-Feb-2013Reply | Forward

When more than half the GDP comes from service sector-which is not capable of gaing forex at constat rate. In the past also Oil and Gold have been constant denominators to large extent in CAD space. Are there any corrective contemplations in the offing to fix it.Is CAD matrix really as simple as a function of capital goods as a sole solution .