Diwali cheer: Govt says current account deficit will be contained at $60 bn

  • 23:30
  • Published On: November 01, 2013
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In a big relief on the economic front, the government has revised the current account deficit or CAD target this fiscal to $60 billion, considerably lower than the $70 billion estimated earlier. Finance Minister P Chidambaram said at a press conference that the CAD was now well under control, helped by a sharp pick-up in exports in the last three months.

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