Indian finance minister: Only solution to current-account deficit is exports

07/1/2013 | Economic Times (India), The

Indian Finance Minister P. Chidambaram acknowledged the problematic nature of India's current-account deficit and said the only viable answer is to boost exports. "It has become a serious issue because imports are rising faster than exports. And the gap has to be financed through invisibles and capital account ... but to do that year after year is a challenge. Long-term answer to the [current-account deficit] is to improve the exports," Chidambaram said in an interview.

View Full Article in:

Economic Times (India), The

Published in Brief: