Russia-Ukraine War Impact: Rating agency Icra warns of serious downside risks to economy next fiscal
Rating agency Icra has warned of serious downside risks to the economy next fiscal with runaway current account deficit, steep fall in the rupee and a hardening yields on government bonds, as a result of the Russian-Ukraine crisis and the resultant spike in crude and other commodity prices.
The highest CAD was in FY13 when it crossed the 4.8 percentage points and the second high was in FY12 when it was at 4.3 percent. Pic: Pixabay