India's CAD likely widened to 3.6% of GDP in Q1FY23: Reuters poll

India’s current account deficit (CAD) likely widened to its highest in nearly a decade in the June 2022 quarter to USD 30.5 billion or 3.6 per cent of GDP, as per a Reuters’ poll of economists held between 9-15 September 2022. Economists opine that soaring global commodity prices and Rupee at 80 contributed to the worsening trade gap and bloating the CAD. Forecasts for CAD ranged between USD 28.5-34.0 billion or 2.4 per cent to 5 per cent of GDP.

References
1. https://www.reuters.com/world/india/indias-current-account-deficit-likely-jumped-near-decade-high-2022-09-16/
2. https://economictimes.indiatimes.com/news/economy/indicators/indias-april-june-current-account-deficit-likely-jumped-to-highest-in-nearly-a-decade-poll/articleshow/94237205.cms