According to IMF’s projections, the current account deficit of India in 1992-93 is expected to rise from US $ 3 billion in 1991-92 to US $ 6 billion as a result of casing of import restrictions
The India-born economist spoke at a chat session with NK Singh, chairman of the 15th Finance Commission, as part of the ongoing diamond jubilee conference of the prestigious Delhi School of Economics (DSE).