ET Poll: CAD seen narrowing in FY24, but unlikely to dip below 2% of GDP

"We see CAD easing from here on, led by incrementally improving trade deficit amid receding commodity prices, especially for oil," said Madhavi Arora, lead economist, Emkay Global. "The solid services trade surplus will continue to strongly offset CAD, which will now likely amount to $85 billion in 2023-24."

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