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Country's current account deficit grew to $11.5 billion, growth rate of key infra sector fell to 2.9%
Indian Economy: The Reserve Bank of India said on Friday that India's current account deficit has increased in the October-December quarter. The main reason for this is the increase in trade deficit. The current account deficit stood at $11.5 billion or 1.1% of GDP in the third quarter of FY 2024-25, as against $10.4 billion or 1.1% of GDP in the same quarter a year ago.
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“Country's current account deficit grew to $11.5 billion, growth rate of key infra sector fell to 2.9%”
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sangritoday.com
28 Mar 2025
The Reserve Bank of India said on Friday that India's current account deficit has increased during the October-December quarter. This is mainly because of the increase in trade deficit.
The current account deficit was $11.5 billion or 1.1% of GDP in the third quarter of FY 2024-25, compared to $10.4 billion or 1.1% of GDP in the corresponding quarter last year. The RBI stated the deficit in July-September this year was revised to $16.7 billion, or 1.8% of GDP.
According to official data released on Friday, the growth rate of eight key infrastructure sectors fell to a five-month low of 2.9% in February, as against 7.1% growth in the same month a year ago.
