CAD(CURRENT ACCOUNT DEFICIT) is bad : Why there are no easy options left – Umesh Shanmugam
Is rupee devaluation the best answer to India’s problems with a rising current account deficit (CAD), which clocked in at an all-time-high figure of 6.7 percent of GDP in the December 2012 quarter? The answer, given partially yesterday, is that devaluation could be one option. But I must hasten to add that in isolation it …