India's current account deficit widens to 2.9% of GDP in Q2
India's current account deficit stood at $19.1 billion, widening to 2.9% of the GDP in the September quarter, compared with 1.1% in the year-ago period. The Reserve Bank of India on Friday said this was mainly due to a large trade deficit. Current account deficit is the difference between outflow and inflow of foreign exchange in the country's current account.