India’s economy is facing pressure as crude oil prices rise sharply and the rupee weakens against the US dollar. Bank of America warned that the country’s current account deficit could rise significantly in FY27. BofA estimates India’s CAD may reach $88 billion, or 2.1% of GDP, if Brent crude averages around $95 per barrel in … Continue reading India’s CAD May Jump to $88 Billion as Oil Shock Revives ‘Fragile Five’ Fears