 "Ahluwalia says C/A deficit has to be capped")
New Delhi: India’s current account deficit has to be capped at 3 percent of the country’s gross domestic product (GDP) to sustain high economic growth, the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, said on Friday.
[caption id=“attachment_223951” align=“alignleft” width=“380” caption=“Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia”]  [/caption]
The current account gap for the current fiscal year that ends on March 31 is projected to widen to 3.6 percent of GDP from 2.7 percent a year ago, according to estimates released by the Prime Minister’s Economic Advisory Council.
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