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India Current Account Deficit: India’s current account deficit has increased to $ 36.4 billion in the second quarter of the financial year 2022-23, which is a record. RBI has released this data. In the second quarter, the current account deficit has doubled compared to April-June i.e. $ 18.2 billion in the first quarter, while it has increased 4 times compared to the third quarter of 2021-22.
Releasing these figures, the RBI said that in the second quarter of 2022-23, the trade deficit has increased to $ 83.5 billion as against $ 63 billion in the first quarter, so there has been an increase in the current account deficit. According to RBI, there has also been a huge withdrawal of investment income, hence the deficit has increased.
Earlier, the highest current account deficit was seen in the third quarter of 2012-13 when there was a current deficit of $ 31.77 billion. The total current account deficit in 2021-22 was $ 38.77 billion.
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