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The Indian current account is in a deficit of about -13. Over the 20 years the current account has fluctuated significantly between deficit and surplus. In 2004, it reached its peak surplus at about $7.5 billion. It is currently in a deficit of about $13.7 billion. India is a leading exporter in jewelry, gems, leather and others, and it has good services therefore boosting the current account. In terms of GDP the deficit is 2.9%. Luckily, India h … Read More
via Priyanka’s Econ Blog
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