India's current account deficit projected at 1.5% of GDP
pre-market1 source ↓written by the desknot a recommendation
- in fiscal 2026-27
- 1.5% of GDP
- previously
- 0.6%
India's current account deficit (CAD) is anticipated to widen to 1.5% of GDP in fiscal 2026-27, up from 0.6% previously, as reported by Crisil. This increase is attributed to rising crude oil prices, expected to average USD 82-87 per barrel. The widening trade deficit, now at USD 30.4 billion in June, underscores ongoing economic pressures.
Not investment advice. For informational purposes only.