India ’s CAD moderated sharply to 3.6% of GDP in Q4 2012-13 India ’s current account deficit (CAD) moderated sharply to 3.6% of GDP in Q4 of 2012-13 as compared to 6.7% of GDP in Q3 of 2012-13 as trade deficit narrowed. On BoP basis, India’s merchandise exports increased by 5.9% to US$ 84.8 billion in Q4 of 2012-13 as compared to 2.6% in Q4 of 2011-12. Pickup in exports could be attributed to better performance of products like tea, leather and manufactures, plastic and linoleum products, machinery and equipments, cotton yarn fabrics and carpets. Merchandise imports witnessed a marginal decline of 1% at US$ 130.4 billion in Q4 of 2012-13 as against a growth of 22.6% in Q4 of 2011-12, resulting mainly from a decline in non-oil non-gold imports partly reflecting a slowdown in domestic activity. Trade deficit narrowed down to US$ 45.6 billion in Q4 of 2012-13 amounting to 9% of GDP. Major items of India ’s Balance of payments ...