US-Iran war could widen India's current account deficit to 2%
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India's current account deficit (CAD) could widen to nearly 2% of its gross domestic product (GDP) if the West Asia crisis continues, a report by CRISIL has warned.
The projection is based on an anticipated increase in the import bill and a decline in external inflows.
Under adverse conditions, rising crude oil prices, gas costs, and fertilizer imports are expected to significantly widen the trade deficit.
The projection is based on an anticipated increase in the import bill and a decline in external inflows.
Under adverse conditions, rising crude oil prices, gas costs, and fertilizer imports are expected to significantly widen the trade deficit.
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