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flag India's current account deficit forecast to nearly double to 1.2% of GDP in 2026, influenced by trade and oil prices.

flag India's current account deficit is expected to nearly double to 1.2% of GDP in the financial year 2026, up from 0.6% in 2025, according to Union Bank of India. flag This increase is influenced by changes in trade dynamics, global commodity prices, especially oil, and potential trade agreements with the US and Europe. flag Despite the rise, the overall position is expected to remain manageable due to a strong services trade surplus.

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