India’s Current Account Deficit Widens Out-Pacing Estimates
- Current account gap was at $9.2 billion in the June quarter
- Rising crude prices may drive further widening of the deficit
The Jawaharlal Nehru Port in Navi Mumbai, Maharashtra, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
India’s current account deficit widened more than expected in the June quarter as imports outpaced exports amid a decline in inbound remittances.