💨 Abstract

The Bank of Baroda report predicts that India's current account deficit (CAD) will remain manageable in FY25 and FY26, mainly due to stable oil prices benefiting the country's import bill. However, India's merchandise trade deficit, which increased to a 13-month high in October 2024, poses challenges, primarily due to higher oil and gold imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖