- Wealth PMS (50L+)
India has reversed from a current account deficit which was becoming more and more manageable, to a point where the deficit has now increased to the highest in four years. First, read this post: What is the Balance of Payments? So what happened in the Jun quarter of 2017 (Q1), is that we have a current account deficit of $14 billion, which is about 2.4 . . .