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Published: Mon, 20 Aug Alternatives for Capitalism in a Globalised Economy. The current account deficit is one of major challenges that Indian economy is facing. It has pulled down the economy growth to % from average growth of %. The current account records the trade of goods and services of an economy with other countries of the world.
3 Economic Challenges India Faces in The fiscal situation in India improved with the current account deficit falling to % of gross the economic challenges India faces are more deep.
), Indias Economy - Performance and Challenges Essays in Honour of Montek Essay on current status of indian economy Ahluwalia, Oxford. The current scenario of Indian economy has been characterised by optimistic growth and strong macro-economic fundamentals, particularly with tangible. India's combined current account and budget deficit is 12 percent of GDP.
That puts more strain on its economy and government. That puts more strain on its economy and government. Investors backed off from India and other emerging markets when the U.S. Federal Reserve began tapering its. In India, near-term growth prospects remain favourable, and the decrease in the current account deficit has lowered external vulnerabilities, it said.
Inflation is expected to decline further inreflecting the fall in global oil and agricultural commodity prices.Current account deficit challenges indias economy essay