India's current account deficit has risen to the highest level of four years due to increasing trade deficit in PM Narendra Modi's reign in India.

In the first quarter of the financial year 2017-18, it grew rapidly to $ 14.3 billion.

This is 2.4 percent of GDP.

The current account deficit (CAD) was $ 0.4 billion or 0.1 percent of GDP in the same quarter of fiscal year 2016-17. It was 3.4 billion dollar (0.6 percent of GDP) in the quarter ended March 2017.

According to the Reserve Bank, "The main reason for the increase in the current account deficit on a yearly basis is to increase the trade deficit. Due to the increase in imports, it was $ 41.2 billion."

Normally, the current account deficit tells the difference in foreign exchange flows and withdrawals.

India's exports grew by 10.29 percent to $ 23.81 billion in August. This is the highest increase in the last four months.

According to official data, the increase in total export of petroleum products, engineering and chemical exports has increased.

According to the data released by the commerce ministry, imports in August increased by 21.02 percent to $ 35.46 billion, compared to $ 29.3 billion in the same month a year ago. Trade deficit increased to $ 11.64 billion in the month under review.

Increasing import of gold has mainly led to increased trade deficits.

Gold imports in August increased by 69 percent to $ 1.88 billion.

Oil imports in August also increased by 14.22 percent to $ 7.75 billion. During the April-August period, the total exports increased 8.57 percent to $ 118.57 billion, while imports increased by 26.63 percent to $ 181.71 billion. The trade deficit increased to 63.14 billion dollars.

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