Current account deficit

April 2, 2025 4:00 PM

India’s CAD to remain in safe zone during 2025-26: report

Robust services exports and the inflow of healthy remittances from Indians working overseas will help keep India’s current account deficit (CAD) in the safe zone during the financial year 2025-26, even though the country’s merchandise trade deficit has come under some pressure, according to a Crisil report released on Wednesday. The report projects CAD to be only marginally higher at 1.3 per cent of GDP in 2025-2026, as against an estimated 1 per cent of GDP in 2024-2025. India’s current...

December 31, 2024 12:18 PM

India’s current account deficit to stay at 1% of GDP for FY2025: CRISIL report

India's current account deficit (CAD) is projected to remain at a safe 1% of GDP for fiscal year 2025, rising from 0.7% in the previous year, according to a report by CRISIL. While geopolitical risks may pose challenges, strong financial inflows and a steady services trade surplus are expected to underpin economic stability. In the second quarter (Q2) of FY2025, the CAD stood at $11.2 billion, equivalent to 1.2% of GDP, showing little change from $11.3 billion (1.3% of GDP) in the same period l...

September 16, 2024 6:41 PM

S&P upgrades India’s sovereign rating outlook to ‘positive’

S&P Global Ratings has raised the country's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-'. The rating agency cited India's robust economic expansion as having a constructive impact on its credit metrics. "We expect sound economic fundamentals to underpin the growth momentum over the next two to three years," S&P said in its assessment on Wednesday. The agency added that regardless of the outcome of the ongoing national elections, it expects br...