MUMBAI, Dec 8 (Reuters) - India’s current account deficit widened to $10.1 billion, or 2.1 percent of gross domestic product, in the July-September quarter, higher than both the previous quarter and a year earlier, the Reserve Bank of India said on Monday.
India’s current account deficit had reached $5.2 billion, or 1.2 percent of GDP a year earlier, the RBI said. In the previous quarter, the deficit had reached $7.8 billion, or 1.7 percent of GDP.
But the balance of payment stood at a surplus of $6.9 billion during July-September, a fourth consecutive quarter of surplus, although that was narrower than the $11.2 billion surplus in the previous quarter.
The trade deficit in the July-September period rose to $38.6 billion from $34.6 billion a quarter ago. (Reporting by Neha Dasgupta and Swati Bhat; Editing by Rafael Nam)