Rising oil prices may widen India’s current account deficit to 2%: Report flags West Asia risks
Asia / India1 views1 min
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India's current account deficit may widen to 2% of GDP due to rising oil prices and the ongoing crisis in West Asia. The country's trade deficit and inflation may also increase, potentially slowing GDP growth to 6.8 percent.
India's current account deficit is expected to rise to 2% of GDP. This is due to higher crude prices and import bills. The ongoing crisis in West Asia poses risks to remittance inflows and energy supplies. India's GDP growth may slow to 6.8 percent. The country's trade deficit and inflation may also increase.
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