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    Question

    What was India's Current Account Deficit (CAD) for Q1 FY25, and which factor was primarily responsible for this marginal increase compared to the same period last year?

    A $6.5 billion; merchandise exports Correct Answer Incorrect Answer
    B $8.5 billion; remittance inflows Correct Answer Incorrect Answer
    C $9.7 billion; merchandise trade deficit Correct Answer Incorrect Answer
    D $10.5 billion; foreign investments Correct Answer Incorrect Answer
    E $7.9 billion; service sector growth Correct Answer Incorrect Answer

    Solution

    India’s CAD widened to $9.7 billion in Q1 FY25 from $8.9 billion in Q1 FY24, largely due to a rise in the merchandise trade deficit.

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