India’s Current Account Deficit a Mounting Cause for Concern

January 3, 2013 6:54 am GMT+0  in India

A rising oil bill, persistent gold imports and falling exports are ganging up to create a rising current account deficit headache for India’s Finance Minister, P Chidambaram. The deficit is now 5.4% of the country’s GDP, as per figures released for the September quarter. One of the measures Chidambaram may take is to make itRead the Rest…