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India's current account deficit (CAD) has been a source of worry and merits deeper discussion. CAD reached 4. Per cent of gross domestic product (GDP) in 2011-12. Research shows the Indian CAD is countercyclical. That is, it rises when output falls and not when demand rises.
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Causes and cures for India’s current account deficit _ Business Line
India's current account deficit (CAD) has been a source of worry and merits deeper discussion. CAD reached 4. Per cent of gross domestic product (GDP) in 2011-12. Research shows the Indian C…