Current account deficit

April 17, 2026 4:06 PM

India’s current account deficit may widen to 2% of GDP amid high oil prices: Crisil

India’s current account deficit (CAD) could widen to 2 per cent of GDP under higher crude oil price scenarios, according to a report by CRISIL. The report said that in its base case scenario—assuming support from easing US tariffs and crude oil prices averaging between USD 75–80 per barrel—the CAD is expected to increase to 1.5 per cent of GDP in fiscal 2027, compared to a projected 0.8 per cent in fiscal 2026. However, under an alternate scenario where crude oil prices remain elevated...

February 26, 2026 9:38 AM

IMF calls for US fiscal consolidation to bring down ‘too big’ current account deficit

The International Monetary Fund on Wednesday called on the United States to reduce its growing fiscal deficit as the best way to bring down current account and trade deficits that it views as too large, sharing some concerns with the Trump administration. IMF Managing Director Kristalina Georgieva told reporters following the IMF's annual review of U.S. policies that "the conclusion is that the current account deficit is too big, to make it very simple for the audience. And that is recognized b...

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...