Mythili Bhusnurmath on what is more worrying than IMF growth forecast

“The IMF predicted that India’s current account deficit will be 3.5% and that is way over the danger mark of 3% and well above what the RBI predicts. RBI has been predicting that the current account deficit will be within manageable proportions. I think that is a particular note of worry even though our growth at 6.8% does not look too bad compared to other countries.”

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