There was a slight widening in India’s current account deficit in Q3 over a four-quarter sum, but the bigger picture is that the external shortfall remains small. In addition, FDI inflows remain strong. Given this, the economy looks well placed to cope in the event of an upsurge in global risk aversion.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.