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In its latest ‘Monthly Economic Review’, the Ministry of Finance has painted an overall optimistic picture of the state of the domestic economy. But, given the uncertainties, the report highlights two key areas of concern for the Indian economy: the fiscal deficit and the current account deficit (or CAD), resulting in a twin deficit problem. In this short and crisp analysis, we bring you important facts about twin account deficit, what comprises it and the issues related to it. Watch the full video to understand the topic, strictly from the perspective of the UPSC Civil Services Examination.
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