India’s current account deficit (CAD) narrowed sharply to $12.3 billion in Q2FY26, driven by a lower merchandise trade gap and strong remittances. However, a surge in gold imports in October could push the Q3 deficit above 2.5% of GDP. BulletsIn • CAD at $12.3 bn or 1.3% of GDP in Q2FY26 • Down from $20.8



