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India's Current Account Deficit Expected at 1% of GDP for FY2025, Says CRISIL

share-iconTuesday, December 31 comment-icon3 weeks ago 5 views
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indiatimesINDIATIMES
India's Current Account Deficit Expected at 1% of GDP for FY2025, Says CRISIL

Credited from: INDIATIMES

  • India's current account deficit (CAD) is projected to remain around 1% of GDP for FY2025, an increase from 0.7% in the previous year.
  • Despite global geopolitical risks, strong financial inflows and a stable services trade surplus are expected to provide economic stability.
  • In Q2 FY2025, the CAD stood at USD 11.2 billion, representing 1.2% of GDP, consistent with the same quarter last year.
  • Robust foreign portfolio investments (FPI) contributed significantly, with net inflows surging to USD 19.9 billion during the quarter.
  • The rupee depreciated against the dollar, reaching 83.8 per dollar in Q2 FY2025, amid adjustments in forex reserves.

For more details, visit the original article at Times of India.

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Current account deficit India Gdp Crisil report Fiscal 2025 Financial inflows Trade surplus
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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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