Analysts expects a huge improvement in slashing the Current Account Deficit by India. They say, the Deficit is likely to narrow by march next year to touch a low of 1.5 per cent of GDP . This is mainly due to lower gold imports, higher overall exports and a drop in imports due to tapering domestic demand.A State Bank research report said today that Current Acount Deficit – CAD will be less than 10 billion dollars in the second quarter of this year, which will be 1.5 to 1.7 per cent of GDP. For the whole year CAD will be around 3.8 per cent of GDP or 67 to 68 billion dollars. This indicates imports of goods services and transfer are higher than their exports.