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India’s current account deficit is driven by ___ .

Daily Quiz on Current Affairs by Gkseries – 10 May 2023

(a) Strong service exports

(b) encouraging remittance

(c) reducing the goods deficit due to fall in oil prices

(d) all of the above

Ans.(d)

Sol. The current account deficit in India is driven by a combination of robust services exports, buoyant remittances, and moderating goods deficit from declining oil prices.

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