Israel-Iran tensions may widen India’s CAD by 0.3% of GDP: ICRA
ICRA in its recent report has said that if the heightened tension in the West Asia pushes average crude prices by $10 per barrel, it will typically push up India's net oil imports by nearly $13-14 billion during the year, enlarging the India's current account deficit (CAD) by 0.3 per cent of GDP.