New Delhi, Despite an increase in the current account deficit (CAD) in the second quarter of the current fiscal, Finance Minister Arun Jaitley today said there is no cause for concern as forex reserves are comfortable.
“In the first six months, the CAD is moderately under control,” Jaitley said in Rajya Sabha during Question Hour.
India’s CAD narrowed down from 4.7 per cent in 2012-13 to 1.
PTI