NEW YORK, April 17 (Reuters) - India's Finance Minister P.
Chidambaram said on Wednesday that he expected his country's
current account deficit for the 2012 fiscal year that ended in
March to be around 5 percent of gross domestic product.
"The third quarter (current account deficit) was large. The
fourth quarter is likely to be better and for the overall year,
probably around 5 percent, maybe a shade under 5 percent," he
told reporters before meeting with investors and businesses.
Chidambaram is on a trip to the United States and Canada
this week to drum up foreign investment in India.
(Reporting by Daniel Bases; Editing by James Dalgleish)