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India’s current account deficit since 2001: A review of literature
International Journal of Financial Management and Economics · 2021 · Vol. 4(2) · pp. 67–69
Abstract
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.
Global Financial Crisis and PoliciesEconomic Theory and PolicyCurrent accountBalance of paymentsEconomicsDeficit spendingGoods and servicesBalance of tradeInternational economicsBalance (ability)Current (fluid)Macroeconomics
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