International Journal of Financial Management and Economics
Vol. 4, Issue 2 (2021)
India’s current account deficit since 2001: A review of literature
Anil Kumar Nagar, Sarita Singh and Dr. Reeta Gupta
Current account deficit is a result of current account imbalance. CAD occurs when a country's total imports of goods, services and transfers are greater than countries total exports of goods, services and transfers. India encountered a big balance–of- payment crisis in 1991. After 1991 economic turmoil many studies had been done. After economic reforms and structural adjustment India led to a major boost for the external sector as current account surplus condition during 2001-02 to 2003-04. This review aims to analyze India’s current account deficit since 2001.