India's Current Account Deficit at -2.2 % of GDP in 2009-10

India's current account deficit was at -2.2% of GDI in 2009-10 as compared to -2.4% in 2008-09.

The recovery in Exports was slower than expected and projected at $168.7 billion in 2009/10.

The Imports to show significant improvement in Q4. The Imports are projected at $296.8 billion in 2009/10.

The Projected merchandise trade deficit for 2009/10 is $128.1 billion or 9.8 % of GDP. The Projected net invisibles are $98.6 billion. Strong growth in remittances and recovery in service exports.

Source : Equity Bulls

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