India can sustain a current account deficit (CAD) of 2.5% to 3% of the gross domestic product (GDP) without getting into an external crisis, RBI deputy governor Michael Patra said on Saturday. He added that India would also require to reverse the trend of decelerating savings rate, which began in 2012-13.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CDTgs8W
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