Bloomberg News

India RBI Says Current-Account Deficit at `Unsustainable' Level

April 17, 2012

India's central bank said the nation's current account deficit at 4.3 percent of gross domestic product is ``unsustainable.''

Authorities need to contain the deficit, the Reserve Bank of India said in its annual policy review. ``With global capital flows to emerging markets projected at lower levels in 2012, financing of the deficit will continue to pose a major challenge,'' the central bank said.

To contact the reporter on this story: Kartik Goyal in Mumbai at kgoyal@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net


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