New Delhi, June 18 -- Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
The bank has retained its CAD estimate at 0.9 per cent of GDP for FY25 but flagged a marginal upside risk due to commodity price pressures. Looking ahead, the CAD is projected to widen to 1.2 per cent of GDP in FY26.
"We see a marginal upward risk to our estimate for the current account (C/A) deficit for FY25 GDP. 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," the report stat...
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