India’s BoP Is Likely To Slip Into Deficit Of $40-$50 Billion: Report

The International Monetary Fund has estimated India’s FY23 current account deficit (CAD) at $121 billion or 3.5 per cent of GDP India’s Balance of Payments (BoP) has likely to slip into a deficit of $40 to $50 billion in the current fiscal year, as per an internal assessment by the finance ministry. …

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