New Delhi [ India ], November 19 (ANI): India 's current account deficit ( CAD ) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank's earlier projection of 1.2 per cent, according to a report by Union Bank of India .

The rise is mainly attributed to persistent global trade tariff pressures that continue to keep the trade deficit elevated despite weak demand and lower commodity prices.

It stated, "We expect a rise in current account deficit to 1.7 per cent of GDP in FY26, as global trade tariff pressures continue to keep trade deficit elevated".

A current account deficit ( CAD ) occurs when a country's total value of imports of goods, services, and capital is greater than the total value of its exports and other income. It indica

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