India’s Current Account Deficit Projected to Nearly Double in FY26: What It Means for the Economy
India’s Current Account Deficit (CAD) is expected to widen significantly in the upcoming fiscal year, according to a new report by Union Bank of India. The study projects CAD to rise to 1.2% of GDP in FY26, nearly double the 0.6% recorded in FY25. This development raises concerns about India’s external stability, the rupee’s resilience, and the overall economic outlook amid volatile global trade conditions.
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