INDIA MOVES TO BOOST EXPORTS, REDUCE IMPORTS
Government has taken a slew of initiatives to boost exports and reduce imports to lower trade deficit and thereby Current Account Deficit (CAD), Parliament was informed today. The country’s CAD stood at 5.4 per cent of GDP during April-December in 2012-13 amounting to $72 billion. In 2011-12, CAD was 4.2 per cent of GDP amounting …