India's CAD narrows to 1.1% of GDP in 2015-16
India's Current Account Deficit (CAD) narrowed to 1.1% of GDP in 2015-16 fiscal, as against 1.3% in 2014-15, riding on the contraction in the trade deficit, the RBI said on Thursday. For January-March 2016, the CAD narrowed to 0.1% of the GDP to $300 million, as against, 1.3% of GDP or $7.1 billion in the previous quarter.