CAD moderates to 1.2% of GDP in Q2: RBI data

India's current account deficit (CAD) moderated marginally to $11.2 billion or 1.2% of GDP year-on-year in the July-September quarter of 2024-25, according to Reserve Bank of India data released on Friday.

- Press Trust of India

MUMBAI:

The CAD, an indicator of the country's external payment scenario, was $11.3 billion or 1.3% of GDP during the second quarter of 2023-24.

"India's current account deficit (CAD) moderated marginally to $11.2 billion (1.2% of GDP) in Q2 2024-25 from $11.3 billion (1.3% of GDP) in Q2 2023-24," the RBI said.

During April-September 2024 (H1 2024-25), the current account deficit was $21.4 billion or 1.2% of GDP compared to 20.2 billion (1.2% of GDP) in the year-ago period.