CEA Nageswaran expects the current account deficit (CAD) to hover comfortably between 2.0% and 2.2% of GDP, provided oil prices remain benign.
Macquarie indicates India's primary economic risk has shifted from global oil shocks to domestic monsoons. Chief Economic Advisor Nageswaran anticipates the current account deficit (CAD) will comfortably remain between 2.0% and 2.2% of GDP, contingent on stable oil prices.
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