Anand Sinha: Indian banking – journey into the future Remarks by Mr Anand Sinha, Deputy Governor of the Reserve Bank of India, at Bancon2011, organized by the Indian Bankers Association and Indian Overseas Bank, Chennai, 6 November 2011. *  *  *  Inputs provided by Ms. Anupam Sonal are gratefully acknowledged  1.
In 2019, the deficit will narrow to 2.6% of GDP, thanks to the bumper grain harvest, a drop in energy prices, and a decline in dividend repatriation. In future, the current account deficit will widen slightly, driven by the decrease in gas transit, less favorable terms of trade, and stronger consumer and investment demand.