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    Question

    As per the Economic Survey (2023-24), what was the improvement in India's Current Account Deficit (CAD) in FY24 compared to FY23?

    A From 2.0% to 0.7% of GDP Correct Answer Incorrect Answer
    B From 1.5% to 0.5% of GDP Correct Answer Incorrect Answer
    C From 2.5% to 1.0% of GDP Correct Answer Incorrect Answer
    D From 3.0% to 1.2% of GDP Correct Answer Incorrect Answer

    Solution

    The moderation in merchandise imports and rising services exports have improved India’s current account deficit (CAD). India's CAD improved from 2.0% of GDP in FY23 to 0.7% of GDP in FY24(ES).

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