CAD outlook: Report predicts deficit to nearly double in FY26; projected at 1.2% of GDP
India’s current account deficit (CAD) could almost double in the ongoing financial year to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.As per news agency ANI, the report pointed out that India’s merchandise…
