India’s CAD projected to rise to 2.2% of GDP amid oil pressures: Crisil
New Delhi [India], May 19 (ANI): India's current account deficit (CAD) is projected to rise to 2.2 per cent of gross domestic product (GDP) in the current fiscal from an estimated 0.8 per cent in fiscal 2026. This widening CAD stems primarily from escalating global oil prices and broader merchandise trade imbalances, according to a report by rating agency Crisil.…
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