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CAD to be closer to 1.3% in FY16: Ind-Ra

The current account deficit for the current fiscal is likely to come in close to 1.3 percent of the GDP, India Ratings and Research (Ind-Ra) said Tuesday.

Infra shortages hurting India's growth potential: Moody's

India's infrastructure shortages have hurt its growth potential as well as export/import- competing sectors, contributing to rising trade and current account deficits, credit rating agency Moody's has said.