![Current account deficit narrows to 1% of GDP at $8.3 bn in Q2: RBI](https://images.assettype.com/fortuneindia%2F2022-03%2F192eb545-b762-40bc-8546-3b1a260a5cc7%2FAdani_Mundra_Port_H5B1934_copy.jpg?rect=0,178,3000,1500&w=300&q=95)
Current account deficit narrows to 1% of GDP at $8.3 bn in Q2: RBI
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
The rating agency projects imports to contract by 4% in FY24 on the back of healthy growth in FY23, which is estimated to be at 15%.