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India's current account deficit could rise to 2% of GDP due to higher oil and fertilizer costs from a West Asia crisis.
A prolonged crisis in West Asia could push India's current account deficit to 2% of GDP, according to a Crisil report.
This increase would be driven by higher crude oil prices, increased fertilizer imports, and potential declines in exports and remittances from the region.
The report warns of broader economic risks, including inflation, currency pressure, and a growth slowdown, as India remains vulnerable to energy price shocks.
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El déficit de la cuenta corriente de la India podría subir al 2% del PIB debido a los mayores costos de petróleo y fertilizantes de una crisis en Asia occidental.