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Storm Clouds over India's Balance of Payments*
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Jan 9th 2023, Prabhat Patnaik
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India's
current account deficit for the second quarter (July-September)
of 2022-23 has reached a massive $36.4 billion which
is 4.4 per cent of the gross domestic product, higher
than at any time in the last nine years.
*
This article was originally published in People's
Democracy on January 8, 2023.
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