The goods trade deficit soared to a record high in October and, though it is likely to moderate over the coming months, the overall current account deficit will probably come in a bit wider than we had been expecting this year. Meanwhile, the RBI's decision to tighten restrictions on unsecured lending may weigh on growth in the near term, but should help to protect the long-term health of the banking sector.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services