rbi speech, 2006-12-16
Keeping these issues in mind, current account deficit (CAD) has to be viewed in two ways: (i) a conventional measure including all current account flows, and (ii) an adjusted measure of CAD, where workers' remittances are excluded from the current account as these represent broadly the exogenous component not driven essentially by the current pace of domestic activities and employment.
Sentiment: neutral
Topic: mp_economic_activity