A broad policy decision to address the issue of expanding current account deficit was that the government will take necessary steps to cut down non-essential imports and also increase exports, Jaitley said. Non-essential imports will be decided by consulting the respective ministries in the next few days.
External factors like policy decisions in the U.S. which have resulted in the outflow of dollars, global crude oil prices and a looming trade war have had an impact on India despite our strong fundamentals, Jaitley said.
