India's current account deficit (CAD) was narrower than expected at $21.8 billion, or 4.9% of gross domestic product, in the June quarter.

Still, it was wider than $18.17 billion, or 3.6% of GDP, in the three months ending in March, on a seasonal slowdown in exports and firm imports.

Five economists had predicted the June quarter CAD would rise to $23-$25 billion. 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.