Q2 FY24 CAD Contracts to 1% of GDP
27-Dec-2023
India's CAD improved marginally to 1 per cent in Q2 FY24 from 1.1 per cent in Q1 FY24 and 3.8 per cent in corresponding period of last financial year. On a sequential basis, the merchandise trade deficit stood higher at USD 61 bn in Q2 FY 24 vis-a-vis USD 56.6 bn in Q1 FY24, though it improved on y-o-y basis. Net services saw an improvement on both m-o-m and y-o-y basis.