<h1>India's High Current Account Deficit Spurs Call for Increased Foreign Investment to Manage Economic Challenges.</h1> India's Current Account Deficit remains high due to reliance on oil and coal imports, gold demand, and sluggish exports. The Finance Minister highlighted the need to secure over USD 75 billion to manage the deficit for the current and possibly next year. The Minister emphasized that India must encourage foreign investments through Foreign Direct Investment (FDI), Foreign Institutional Investment (FII), or External Commercial Borrowings (ECB) to address the deficit, stating that India cannot afford to reject foreign investments at this time. The focus is on aligning these investments with India's economic objectives.