Current account deficit widens to record 4.8 percent
India's current account deficit widened to a record 4.8 percent of the country's gross domestic product in the financial year ended March 31, due to high imports of gold and oil and sluggish exports, official data showed Thursday.
The US current account trade deficit widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest point in eight years.