CAD is manageable as India is doing well in services exports: Piyush Goyal

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CAD is manageable as India is doing well in services exports: Piyush Goyal - Business Standard

Quick Summary:

Commerce and Industry Minister Piyush Goyal on Tuesday said that India's current account deficit (CAD) is manageable as it is doing well in services exports.

So if I have a trade deficit of USD 250-300 billion, almost USD 175-200 billion get made up by services exports.

He said that the import numbers of the country are correlated with exports as much of the imported goods are shipped back after value addition.