India’s CAD widens to $4.2 billion in Q1FY27
India’s current account deficit (CAD) widened to $4.2 billion, or 0.5% of GDP, in the first quarter of 2026-27, compared with $3.4 billion, or 0.4% of GDP, in the year-ago period, according to preliminary data released by the Reserve Bank of India (RBI) on Tuesday. The widening deficit was primarily driven by a higher merchandise…