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Current account deficit to be around $60 billion: Chidambaram

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

IANS Updated on: November 01, 2013 21:44 IST


On the other hand, the finance minister said challenges like high inflation levels and reviving the investment sentiment in a sluggish economy still remain.

“Inflation is still a challenge and reviving investment,” Chidambaram said, adding that he sees green shoots emerging in the investment scenario.

“We are confident that the steps taken by RBI will bring about a moderation in inflation."

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