India’s current account deficit (CAD) could more than double to 2% or higher of GDP in FY27 from below 1% in FY26, while the fiscal deficit target of 4.3% will come under pressure due to the continuing West Asia conflict, chief economic adviser V Anantha Nageswaran said on Saturday. Speaking at a conference in Delhi, he said the conflict, whether on a “low simmer or high flame”, would continue to affect the global economy through multiple channels, including higher commodity prices, weaker trade growth, sticky logistics costs and lower remittances.