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Macronomics: The Current Account Deficit Says We Are Even More Dependent on Investment Inflows Now

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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 . . .

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