India’s current account deficit (CAD) could widen to 2% of GDP in FY27 at $82-87/barrel crude oil prices amid escalating tensions in the Middle East, CRISIL reported. It added that if oil prices average between $75-80 per barrel, the deficit may widen to 1.5% of GDP in FY27. However, India’s goods exports declined 7.4% YoY to $38.9 billion in March.