Answer- B
According to data released by the Reserve Bank of India (RBI), India's current account deficit, a crucial indicator of the balance of payments, has reduced to $18.2 billion, equivalent to 2.2% of the GDP, in the December quarter of the ongoing fiscal year.
The reduction is attributed to the decline in merchandise trade deficit, which was $30.9 billion, or 3.7% of the GDP, during the second quarter of the fiscal year 2022-23.