India's current account deficit projected at 2.3% by FY27
pre-market1 source ↓written by the desknot a recommendation
- in FY27
- 2.3% of GDP
- 0.9% in FY26
- oil prices averaging
- $95 per barrel
- this fiscal year
- $65 billion
- previously
- $35 billion
India's current account deficit (CAD) is expected to widen to 2.3% of GDP in FY27, up from 0.9% in FY26, driven by rising oil prices averaging $95 per barrel. The balance of payments (BoP) deficit is also projected to increase to $65 billion this fiscal year from $35 billion previously. This outlook reflects pressures from oil, gold, and trade dynamics.
Not investment advice. For informational purposes only.