August 13, 2025 1:51 PM
India’s current account deficit projected at 0.9% in FY26 despite US tariffs
India’s current account deficit (CAD) is expected to remain below 1 per cent of GDP in the current financial year despite the higher tariffs imposed by US President Donald Trump on Indian goods, according to CareEdge Ratings. The rating agency has projected CAD at 0.9 per cent for FY26, citing India’s domestic-driven economy and relatively low goods export share to the US — around 2 per cent of GDP — as factors providing a cushion against the tariff impact. Exports to the US, which acc...