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NEW DELHI: India yesterday loosened debt market rules to draw more foreign investment to finance a record current account deficit as it promised a "next generation" of economic reforms.
Governor Duvvuri Subbarao said that the country was headed for the highest ever current account deficit this fiscal.
India's current account deficit might come down to 3.
In my last comment on the sliding US dollar, we compared the US current account deficit to deficits and surpluses of other countries.
current account deficit is substantial, both in size and as a share of GDP.
This inflow of foreign capital has kept America's current account deficit stable and U.
current account deficit and urged Japan and other IMF member countries to achieve strong growth to help the United States cut the deficit.
Britain's current account deficit with the world jumped to pounds 12.