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Union commerce and industry minister Piyush Goyal on Thursday addressed concerns around the rupee’s decline, the widening current account deficit (CAD), and shared updates on the progress of the proposed US-India trade deal.Goyal said the Centre was actively considering several measures to contain further pressure on the CAD, while stressing that different arms of the…
Global brokerage firm Goldman Sachs has upgraded its outlook for India’s economic growth and lowered its estimate of the country’s current account deficit (CAD) after the announcement of the India-US trade deal. The firm cited the positive impact of lower US tariffs on Indian exports as a key reason for the improved assessment.Reacting to the…
India’s current account deficit (CAD) is expected to remain under control at around 1% of gross domestic product (GDP) in the current financial year, even as the economy faces pressure from steep US tariffs and global geopolitical uncertainties, according to a report by rating agency Crisil.Crisil said the deficit will stay “manageable” thanks to resilient…
