New Delhi, Sept. 17 -- India's current account deficit (CAD) is expected to remain under control at 1 per cent of gross domestic product (GDP) in the current financial year, even as the economy faces challenges from higher tariffs and global geopolitical headwinds, according to a report by Crisil.

The rating agency said that despite these challenges, the deficit will stay manageable, supported by strong growth in services trade, steady remittances from overseas Indians, and softer crude oil prices.

It stated "India's current account deficit (CAD) is expected to remain manageable...we forecast CAD to be at 1 per cent of GDP this fiscal".

The uncertainty on trade front is because US has increased tariffs on Indian exports, particularly d...