HSBC said it has assumed crude prices to average $95 a barrel, and combined it with sensitivities in oil, gold, core goods, services trade and remittances to arrive at a current account deficit of 2.3% of GDP in FY27 as against 0.9% in FY26
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India's current account surplus narrowed to $7.1 billion or 0.7% of GDP in the March quarter of FY26, down from $13.7 billion a…
India's current account deficit (CAD) is likely to widen sharply to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26 amid…
India plans to widen its fiscal deficit to 4.8% of GDP due to rising subsidy costs, Bloomberg News reports.
Imports, too, grew 20.62% to $73.41 billion in May, leaving a trade deficit of $28.21 billion.
India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase.…
With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account…
