Rising trade deficit bigger worry than falling rupee

NITI Aayog Vice-Chairman Rajiv Kumar has said that rising trade deficit was a matter of greater “concern” than a falling rupee and the country needs to focus more on meeting its revenue deficit target than adhering to the fiscal deficit aim.

Addressing an event organised by CII, Kumar said that there is a constituency which benefits from strong rupee but it needs to be put on the back foot.