The improvement in the current account in the recent period and going forward draws strength from robust export performance, both goods and services, with targets set at $ 450 billion and $ 300 billion, respectively, for 2022–23. In 2012–13, however, exports of goods and services were flat and remained subdued in the following year.
The Bank will make the most appropriate policy decisions by scrutinizing the current situation of economic activity and prices and their outlook, various risk factors, and developments in financial and capital markets at every Monetary Policy Meeting.