Tue, Mar 20, 2018
According to UBS, India's CAD doubled from 0.7 per cent of GDP in 2016-17 to 1.4 per cent in 2017-18 and the widening of CAD is likely to continue in the next financial year as well "albeit at a slower pace". UBS expects CAD at 1.8 per cent in 2018-19.
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Tue, Aug 15, 2017
The bulk of the narrowing in CAD over the past five years has been largely led by lower oil imports and drop in gold imports, UBS report said.
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