‘Manageable’: India’s CAD seen at 1% of GDP in FY25 despite US tariffs; Crisil flags sharp fall in August imports
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…