Posted inUPSC Mains
UPSC Mains – “Evaluate the impact of a persistent Current Account Deficit (CAD) on the macroeconomic stability of an economy. Discuss the measures that can be adopted by a country to manage and mitigate the adverse consequences of a high CAD.”
The CAD for the first half of 2022-23 was 3.3% of GDP, but the situation improved in Quarter 3: of 2022-23 due to lower commodity prices and moderated imports.









