The current account deficit as a proportion of gross domestic product (GDP) is also less scary. The current account gap is widening. Indian policymakers are likely to have a tricky journey in the coming months. The sharp rise in global oil prices is widening the current account gap. The current account deficit may be more than $75 billion this year in case oil prices stay at current levels.

Source: Mint May 23, 2018 02:03 UTC