India is closely tracking external sector trends and evaluating a range of measures to prevent any sharp deterioration in the current account deficit (CAD), Commerce and Industry Minister Piyush Goyal said on Thursday, amid continued pressure on the rupee and an uncertain global trade environment.
Goyal said multiple departments of the government were coordinating efforts to address emerging economic challenges arising from volatile global conditions. He indicated that policymakers were examining additional interventions to manage external sector risks and maintain macroeconomic stability.
