RBI Governor Shaktikanta Das has said that the country’s current account deficit is manageable.
He further said:
India’s services exports are very strong. Also, sending money back home is also good. These will help us to overcome the deficit that will be affected by the decrease in global trade demand. Globalization and protectionism are increasing due to the recent global supply shortages.
In such an environment, India should take advantage of the bilateral trade relations between the countries. Recently, it has entered into agreements on such trade relations with the United Arab Emirates and Australia. India is also trying to enter into agreements with many other countries.
This is what he said.
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