The Government should focus on boosting exports to check the widening current account deficit as imposing curbs on imports may not have a significant impact, exporters’ body FIEO said on Saturday.
Federation of Indian Export Organisations (FIEO) President Ganesh Gupta said the Government should not restrict imports to address rising current account deficit (CAD) and fall in rupee.
“I do not think that we should restrict imports unless we want to join bandwagon of protectionism and hope that it will spur Make in India,” he added.
He also said that CAD at 2.5 per cent of GDP should not be a cause of concern as anything below 3 per cent is not alarming.
