India's CAD could widen to 2% of GDP if West Asia war continues: Report

India's current account deficit (CAD) could widen to around 2% of GDP if the West Asia crisis continues, a CRISIL report said. Rising oil and gas prices may inflate the import bill, while remittances from West Asia could decline. However, a healthy services trade surplus may cushion the impact. Currently, India's CAD (imports exceeding exports) stands at 1.3% of GDP.