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India can sustain 2.5%-3% current a/c deficit: RBI

India can sustain a current account deficit (CAD) of 2.5% to 3% of the gross domestic product (GDP) without getting into an external crisis, RBI deputy governor Michael Patra said on Saturday. He added that India would also require to reverse the trend of decelerating savings rate, which began in 2012-13.

India can sustain a current account deficit (CAD) of 2.5% to 3% of the gross domestic product (GDP) without getting into an external crisis, RBI deputy governor Michael Patra said on Saturday. He added that India would also require to reverse the trend of decelerating savings rate, which began in 2012-13. from Times of India https://ift.tt/Uu3iB4z
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