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      Question

      As per the Economic Survey (2023-24), what was the

      improvement in India's Current Account Deficit (CAD) in FY24 compared to FY23?
      A From 2.0% to 0.7% of GDP Correct Answer Incorrect Answer
      B From 1.5% to 0.5% of GDP Correct Answer Incorrect Answer
      C From 2.5% to 1.0% of GDP Correct Answer Incorrect Answer
      D From 3.0% to 1.2% of GDP Correct Answer Incorrect Answer

      Solution

      The moderation in merchandise imports and rising services exports have improved India’s current account deficit (CAD). India's CAD improved from 2.0% of GDP in FY23 to 0.7% of GDP in FY24(ES).

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