India's current account deficit may reach 2% of GDP
after close1 source ↓written by the desknot a recommendation
- amid rising crude
- 2% of GDP
- in fiscal 2026
- 0.8%
- in fiscal 2027
- 1.5%
India’s current account deficit (CAD) could widen to 2% of GDP amid rising crude oil prices, as per CRISIL. In a scenario where oil prices average USD 82–87 per barrel, the CAD is projected to increase from 0.8% in fiscal 2026 to 1.5% in fiscal 2027. A strong services trade surplus may help mitigate the impact.
Not investment advice. For informational purposes only.