19-May-2026
Economy News
 
Current account deficit to widen to 2.3 per cent of GDP in FY27 from 0.9 pc in FY26: Report
19-May-2026

India's current account deficit is set to widen to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26, a foreign brokerage said on Monday. The balance of payments (BoP) deficit is estimated to widen to USD 65 billion in the current fiscal from the last fiscal year's USD 35 billion, it said. HSBC said it has assumed crude prices to average USD 95 a barrel, and combined it with sensitivities in oil, gold, core goods, services trade and remittances to arrive at a current account deficit of 2.3 per cent of GDP in FY27 as against 0.9 per cent in FY26.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/current-account-deficit-to-widen-to-2-3-per-cent-of-gdp-in-fy27-from-0-9-pc-in-fy26-report/articleshow/131177133.cms