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India's balance of payment may go into $45-50 bn deficit in FY23

India's balance of payment may go into $45-50 bn deficit in FY23

Nov 10, 2022, at 05:28 pm

​India's balance of payment is expected to be in deficit by $45 -50 billion in FY23 but this deficit can be managed comfortably with foreign exchange reserves at a healthy $531 billion, according to a report in the media.