New Delhi, May 19 -- India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
The report expected India's current account deficit (CAD) to widen to 1.2 per cent of GDP in FY26, up from an estimated 0.9 per cent in FY25.
It said "We continue to maintain our view of widening in C/A deficit in FY26 to 1.2 per cent in GDP vis-a-vis an estimated 0.9 per cent in FY25. That said, outlook for exports remains uncertain due to the looming threat of reciprocal tariffs by the US on trading partners".
The bank highlighted that even though there is a 90-day pause on the proposed US tariffs, the threat still exists and con...
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