India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will put pressure on the economy. Experts anticipate Brent crude to average between USD 90-95 per barrel this fiscal. This is a substantial rise from previous levels. The deficit is forecast to reach 2.2 percent of GDP.

New Delhi, Jun 15 (PTI) India’s exports climbed to a six-month high of 18 per cent to USD 45.2 billion in May, while trade deficit widened to USD 28.21 billion, driven by…

It expects India to be less vulnerable to higher crude oil prices than in previous years, citing lower oil intensity, improved energy efficiency and greater responsiveness of oil…

The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar…