India's CAD to Widen: Crisil
Analysis based on 7 articles · First reported Apr 17, 2026 · Last updated Apr 17, 2026
The report by S&P Global — CRISIL Ratings indicates a potential widening of India's current account deficit, which could negatively impact investor sentiment towards India's economy. Higher Petroleum prices and global conflicts are key risk factors that could further exacerbate the deficit, affecting trade balances and potentially the Indian rupee.
S&P Global — CRISIL Ratings has released a report projecting India's current account deficit (CAD) to widen to 1.5% of GDP in fiscal 2027 under a base case scenario, and potentially to 2.0% of GDP if Petroleum prices remain elevated at USD 82-87 per barrel. The report highlights the ongoing West Asia conflict and subdued global growth as critical factors impacting global trade and commodity prices. India's goods exports contracted 7.4% year-on-year in March, with a significant drop in gems and jewellery exports. Despite challenges, exports to the United States showed improvement due to tariff reductions, though uncertainties around trade deals persist. The United Arab Emirates has emerged as a top destination for India's gems and jewellery exports.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard