CAD expected to be at 2% of GDP: Rangarajan

India Infoline News Service | Mumbai |

Rangarajan said the restrictions that had been imposed on import of gold would be relaxed

India's current account deficit (CAD) is expected to be at 2% of the Gross Domestic Product (GDP), as compared to 1.7% in 2013-14 on account of reduction in gold imports and inflation showing signs of decline, said C Rangarajan, chairman of Economic Advisory Council to the Prime Minister.

CAD is expected to remain at the modest levels. Going ahead the demand for gold import would fall and exports would increase. Hence, CAD will settle down at around 2% of GDP, Rangarajan added.

Rangarajan said the restrictions that had been imposed on import of gold would be relaxed.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.