The Economic Times

Indias current account deficit may rise to 2% of GDP in FY27 if oil stays at $8287: CRISIL

Rising oil prices could push India's current account deficit to a concerning two percent of GDP, as highlighted by a Crisil report. This prediction hinges on the volatile global market conditions were currently facing. While US tariff reductions may bolster exports to some extent, the ongoing unrest in West Asia is another pivotal aspect that could affect the situation.