Reserve Bank of India Bulletin (February 2011)
A report on India's balance of payments published on Thursday in the Reserve Bank of India's February 2011 Bulletin shows the current account deficit widened in the third quarter of 2010 due to a wider trade deficit and a lower invisibles surplus in the services industry.
The report shows that in the third quarter, the trade deficit in India widened to $35.4 billion, compared with $31.6 billion in second quarter, despite higher growth in exports relative to imports.
Higher growth in invisibles
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