Friday, February 25, 2011




current account deficit touched 4.1% of gdp in q2 of fy2011. but now looks like falling upto 2.5% of gdp in h2 the prime minister's economic advisory council talks of establising the cad at 2to 2.5 % of gdp but i think 3% entirely bearable for an economy growing at over 8% with exports growing over 30%remittences bringing in 4% of gdp and domesting saving hovering around 35%
 and i think to reduce fiscal deficit we need funds and fdi is better one because it is more stable then fii

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