FY26 current account deficit may drop to 0.9%
pre-market1 source ↓written by the desknot a recommendation
- of GDP
- 0.9%
- in November
- $24.5 billion
- YoY
- 19.4%
- YoY
- $38.13 billion
- plummeted
- 60%
India's current account deficit (CAD) could fall to 0.9% of GDP for FY26, driven by a narrowing trade deficit of $24.5 billion in November, the lowest in five months. Merchandise exports surged 19.4% YoY to $38.13 billion, while gold imports plummeted 60%. This trend suggests a positive shift in India's external position.
Not investment advice. For informational purposes only.