The Current Account Deficit: Gross Domestic Product

gross domestic product: Finance Minister P. Chidambaram also reiterated his pledge to narrow the current account deficit the main source of the rupees weakness to 3.8 per cent of gross domestic product this fiscal year and said the currency would not be allowed to slide into free fall. More Related to this Story, according to Globe and Mail. India names ex-IMF heavyweight to head central bank as rupee hits new low India imposed restrictions on foreign exchange outflows and gold imports on Wednesday in a new attempt to prop up the rupee, as a spike in inflation added pressure on policy makers to curb a crippling external deficit. India chooses Rajan to restore stability to battered economy (www.immigrantscanada.com). As reported in the news.