Current account deficit to be around $60 billion: Chidambaram
New Delhi: Finance Minister P. Chidambaram today said India's current account deficit (CAD) would come down and be around $60 billion owing to rising exports and import controls initiated by the government."The current account deficit
On the other hand, the finance minister said challenges like high inflation levels and reviving the investment sentiment in a sluggish economy still remain.
“Inflation is still a challenge and reviving investment,” Chidambaram said, adding that he sees green shoots emerging in the investment scenario.
“We are confident that the steps taken by RBI will bring about a moderation in inflation."
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