India exposed to trade war risk; here is how
While India's foreign reserves are at a record high, just as growth gathers momentum, optimism has been dented by widening current account deficit, pushing back of fiscal consolidation goals and inflation expected to remain above target next year. The report authored by DBS economist (Eurozone and India) Radhika Rao further noted that any escalation in trade tensions involving the US might aggravate India's current account concerns
India's current account deficit widened to USD 13.5 billion or 2 per cent of GDP in the December quarter last year, up from USD 8 billion or 1.4 per cent of GDP in the year-ago period. Image source: