New Delhi, June 18 -- India's current account deficit (CAD) will likely rise to 2.2 per cent of the gross domestic product (GDP) from 0.6 per cent in fiscal 2026 as Brent crude price will likely average USD 90-95 per barrel this fiscal, nearly 32 per cent higher than in fiscal 2026 higher oil prices, says Crisil.

India's merchandise trade deficit increased to USD 28.2 billion in May 2026 from USD 22.6 billion a year ago, with the exports facing a "broad-based 18 per cent acceleration on-year to USD 45.2 billion in May, compared with 13.8% to USD 43.6 billion in April."

Petroleum exports increased 54.9 per cent as against 34.6 per cent and core exports 12.3 per cent (USD 34.2 billion) as compared with 10.4 per cent (USD 31.6 billion). "T...