New Delhi: Finance Minister P. Chidambaram today said India's current account deficit (CAD) would come down and be around $60 billion owing to rising exports and import controls initiated by the government.
"The current account deficit is well under control. I'm confident we will be able to adhere to the red line for fiscal deficit,” Chidambaram said at a press conference here.
“In recent weeks, we see signs that steps and measures we have taken are beginning to yield results."
CAD which is the difference between dollar inflow and outflow has been a matter of concern for the government.
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