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May exports back in negative zone...
Financial Express Pune
|June 17, 2025
"THIS (LOWER TRADE deficit in May) is expected to limit the widening in the current account deficit (CAD) print for April-June to around $13 billion (1.3% of GDP).
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If crude oil prices average around $75 per barrel over the remainder of this fiscal, we foresee the CAD at 1.2-1.3% of GDP for FY26," said Icra chief economist Aditi Nayar.
"Despite the global policy uncertainty regarding trade, ongoing conflicts, we have done extremely well (during the April-May period). If you look at the global picture...we are doing much better than the global average," commerce secretary Sunil Barthwal told reporters.
This story is from the June 17, 2025 edition of Financial Express Pune.
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