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...