There was a widening in India’s current account deficit in Q1 over a four-quarter sum, but the bigger picture is that the external shortfall remains at a sustainable level. In addition, FDI inflows have picked up. Given this, the economy should still be able to cope in the event of increased 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.