According to Ind-Ra Report, India's Current Account Deficit May Rise to 1% of GDP in Q2 FY25.

Economy Business

Recently, an Ind-Ra report forecasted that India's current account deficit is likely to increase to 1% of GDP in the second quarter of FY25. This anticipated rise is attributed to widening trade deficits and increased external borrowings. The report suggests that higher import costs and subdued export growth may contribute to the growing deficit. Despite these challenges, the report emphasizes the need for policy adjustments to mitigate potential economic impacts and sustain growth. Stakeholders and policymakers will need to closely monitor these developments to ensure economic stability in the coming quarters.


      Increased global oil prices may exacerbate the current account deficit by raising import costs.

      External economic conditions could impact India's trade balance and deficit levels.

     

 

     


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