CAD moderates to 1.2% of GDP in Q2: RBI

Mumbai: India’s current account deficit (CAD) moderated marginally to $11.2 billion or 1.2 per cent of GDP year-on-year in the

July-September quarter of 2024-25, according to Reserve Bank data released on Friday. The CAD, an indicator of the country’s external payment scenario, was $11.3 billion or 1.3 per cent of GDP during the second quarter of 2023-24.

“India’s current account deficit (CAD) moderated marginally to $11.2 billion (1.2 per cent of GDP) in Q2 2024-25 from $11.3 billion (1.3 per cent of GDP) in Q2:2023-24,” the RBI said.