03/11/2022
The Current Account Deficit (CAD) declined to US $2.2 billion during the first quarter (Q1) of the current fiscal year as compared with the deficit of US $3.5 billion recorded during the corresponding period (July-September) of the fiscal year 2021-22.
The CAD mainly contracted due to an increase in exports and a contraction in imports during July-September (2022-23),
CAD declines to $2.2 billion in Q1