India  
 
NewsR.in

Crude surge pressures India’s FY25 CAD target, UBI says every $10 rise in oil may widen deficit by $15 billion, FY26 gap seen at 1.2% of GDP

IndiaTimes Wednesday, 18 June 2025 ()
Union Bank of India (UBI) projects India's current account deficit (CAD) may face pressure in FY25 due to rising global crude prices. A $10 increase per barrel could worsen the CAD by $15 billion annually. While maintaining a 0.9% of GDP forecast for FY25, UBI cautions that geopolitical tensions and commodity prices, especially oil, pose risks.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

U.S FIRES BACK At Lavrov’s NATO Collapse Threat | Putin FUMES Over Increased NATO Defense Spending [Video]

U.S FIRES BACK At Lavrov’s NATO Collapse Threat | Putin FUMES Over Increased NATO Defense Spending

The U.S. State Department has responded sharply to Russian Foreign Minister Sergey Lavrov’s claim that increased NATO defense spending will lead to the alliance’s collapse. Lavrov criticized the..

Credit: Oneindia     Duration: 03:02Published
Iranian Drones SHOT DOWN by French Rafales | France ADMITS Military Action in Israel-Iran War [Video]

Iranian Drones SHOT DOWN by French Rafales | France ADMITS Military Action in Israel-Iran War

As the Iran-Israel war winds down, France has revealed its covert military role during the conflict. Defense Minister Sébastien Lecornu confirmed that French forces intercepted fewer than ten Iranian..

Credit: Oneindia     Duration: 03:07Published
India calls for IMMEDIATE DE-ESCALATION as War Intensifies | PM Modi Speaks to Iran Prez Pezeshkian [Video]

India calls for IMMEDIATE DE-ESCALATION as War Intensifies | PM Modi Speaks to Iran Prez Pezeshkian

India has voiced deep concern over the escalating Iran-Israel war following U.S. airstrikes on Iran’s nuclear sites. PM Narendra Modi spoke with Iranian President Pezeshkian, urging de-escalation and..

Credit: Oneindia     Duration: 03:22Published