Mumbai, Dec 13 (IANS) India's current account deficit (CAD) widened to $7.2 billion in the second quarter of 2017-18, from $3.4 billion reported in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed on Wednesday.
However, on a sequential basis, the Q2 CAD narrowed sharply from $15 billion reported for the preceding quarter.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.