Current account deficit to hit 2.8% of GDP in FY19: SBI report

Mumbai: The country's current account deficit (CAD) is likely to touch 2.8 per cent of GDP in the current financial year on surge in crude oil prices and moderate growth in exports, a report said. The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19, compared with USD 160 billion in FY18, according to Ecowrap, an SBI research report.

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