New Delhi, April 17 -- India's current account deficit (CAD) is likely to touch 2 per cent of GDP under higher oil price scenarios, according to a report by Crisil.

The report stated that in its base case scenario, assuming exports benefit from US tariff relaxations and crude oil prices average between USD 75-80 per barrel, the CAD is expected to widen to 1.5 per cent of GDP in fiscal 2027, compared to a projected 0.8 per cent in fiscal 2026.

However, in an alternate scenario where crude oil prices stay at USD 82-87 per barrel, which the report noted appears plausible given current global conditions, the CAD could increase to 2.0 per cent of GDP. It added that a healthy services trade surplus is expected to limit the extent of the widen...