ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Causes and Cures

India's Current Account Deficit

India's current account deficit has widened in recent years primarily because of the steep increase in the deficit on the merchandise trade account. While imports have grown with the surge in gold imports, export performance has been indifferent despite the fact that India has formalised several free trade agreements. Policymakers will have to move away from a reliance on ad hoc solutions and find ways to address the infi rmities in the domestic economy.



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