• Anisha Sawhney

This study has been undertaken to understand and study the concept of the current account deficits of the major economies of the world. Methodology used for research is secondary in nature. The trade deficit in a country occurs due to the imbalance between the saving and investment rate of the country. A trade deficit generally translates into a current account deficit. Correlation is carried out between the current account deficits and the GDP growth of the advanced economies. It was found that though the current account deficit is an important factor it does not significantly affect the growth of the economy. Further, the paper also takes the examples of two economies viz USA and India and presents a case study on their growth.

"Do trade deficits matter? A comparative study on the current account deficits of major economies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.233-240, February-2019, Available :http://www.jetir.org/papers/JETIR1902631.pdf

"Do trade deficits matter? A comparative study on the current account deficits of major economies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp233-240, February-2019, Available at : http://www.jetir.org/papers/JETIR1902631.pdf