Diwali cheer: Govt says current account deficit will be contained at $60 bn
In a big relief on the economic front, the government has revised the current account deficit or CAD target this fiscal to $60 billion, considerably lower than the $70 billion estimated earlier. Finance Minister P Chidambaram said at a press conference that the CAD was now well under control, helped by a sharp pick-up in exports in the last three months.
