💨 Abstract

Union Bank of India's report predicts a sharp downside risk for India's current account deficit in FY25 GDP due to a rare trade surplus of USD 14.05 billion in February 2025. This is attributed to a decline in merchandise imports, drop in global oil prices, and reduced demand for gold and non-oil, non-gold imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖