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Between April and December 2021, India’s international alternate reserves grew by US$ 63.5 billion. On the similar interval, the nation recorded a Current Account Deficit of 1.2 per cent of GDP, as towards a surplus of 1.7 per cent in April-December 2020.’
How does India purchase international alternate? What’s the Present Account Deficit? As a substitute of understanding every of those phrases individually, it will be higher to know all of them directly, and extra importantly, perceive the best way they’re associated to one another. Have a look:
To learn extra about how India’s alternate price pertains to its present account deficit, foreign exchange reserves, and stability of cost, read ExplainSpeaking, this week’s e-newsletter by Udit Misra.
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