Economists warn of widening CAD due to high crude prices
after close1 source ↓written by the desknot a recommendation
- of GDP
- 2%
- assuming Brent crude
- 1.7%
- per barrel
- $80
- as prices exceed
- $100
Economists caution that costly crude could push India's current account deficit (CAD) beyond 2% of GDP in FY27. Emkay Global maintains its forecast at 1.7% assuming Brent crude averages $80 per barrel, but risks are rising as prices exceed $100. Barclays highlights that high gold prices may undermine import curbs.
Not investment advice. For informational purposes only.