India’s CAD May Hit 2% of GDP on Higher Oil Prices, Says Crisil
India’s current account deficit (CAD) is projected to widen to nearly 2% of GDP in FY26, according to Crisil, as rising global crude oil prices exert pressure on the country’s import bill. The rating agency highlighted that while India’s exports remain resilient, the surge in oil prices and strong domestic demand could tilt the balance,…