Bolstered by reducing trade deficit in June and July, Finance Minister P Chidambaram has pegged India's current account deficit (CAD) at a three-year low of 3.7% of the Gross Domestic Product (GDP) in 2013-14. CAD had touched a record 4.8% in the last financial year.

The Finance Minister said the Government would reduce imports of gold, silver, oil and non-essential goods to narrow CAD. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.