The deficit was at USD 9.9 billion or 1.3 per cent of the GDP within the second quarter of this fiscal whereas the identical stood at USD 2.2 billion or 0.3 per cent of the GDP within the year-ago interval, the information on Stability of Funds confirmed.
The widening of the present account deficit for the December quarter was attributed by the central financial institution to pressures on the commerce deficit entrance, with the hole on that entrance rising to USD 60.4 billion resulting from rising imports.
Web providers receipts elevated, each sequentially and on a year-on-year (y-o-y) foundation, on the again of strong efficiency of web exports of laptop and enterprise providers.
For the primary 9 months of the present fiscal, the present account deficit got here at 1.2 per cent of the GDP as in opposition to a surplus of 1.7 per cent within the April-December 2020 interval, as per the information.
