India's CAD likely to stay at 1.1 per cent of GDP in FY25: ICICI bank report

New Delhi [India], December 30 (ANI): India's Current Account Deficit (CAD) is expected to remain at 1.1 per cent of the Gross Domestic Product (GDP) in the financial year 2024-25 (FY25), according to a report by ICICI Bank.

The report highlighted significant changes in the country's external position in recent months, driven by a widening trade deficit and foreign portfolio investment (FPI) outflows.

It said "We expect C