CAD expected to rise to 1.7% of GDP in FY26

India's current account deficit (CAD) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank's earlier projection of 1.2 per cent, according to a report by Union Bank of India.

- ANI

The rise is mainly attributed to persistent global trade tariff pressures that continue to keep the trade deficit elevated despite weak demand and lower commodity prices.