India's current account deficit (CAD) increased to $11.5 billion, or 1.1% of GDP, in the October-December quarter of fiscal year 2024-25, up from $10.4 billion (1.1% of GDP) in the same period the previous year, according to data released by the Reserve Bank of India (RBI) on Friday.
This widening is primarily attributed to a higher merchandise trade deficit, which expanded to $79.2 billion during the quarter, compared to $71.6 billion in the corresponding period a year ago.