CAD likely to remain within 3 pc of GDP, says RBI article

India's current account deficit (CAD), a key indicator of balance of payment of a country, is likely to remain within 3 per cent of the GDP in 2022-23 as against 1.2 per cent during the last fiscal, according to an article published in the Reserve Bank's bulletin. The widening trade deficit, or the gap between the value of imports and exports, puts pressure on the balance of payments.

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