How Much do the Crude and Gold Price Crash Help India’s Current Account Deficit?

Indian markets have rallied substantially in the face of falling crude and falling gold. This is on the assumption that India will have a much lower current account deficit because these are our largest imports. It’s true, definitely, but how much are they really? Oil is our largest import by far. The latest press release

Indian markets have rallied substantially in the face of falling crude and falling gold. This is on the assumption that India will have a much lower current account deficit because these are our largest imports. It’s true, definitely, but how much are they really? Oil is our largest import by far. The latest press release

[via Capital Mind]

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