New Delhi, Dec 13 (TIWN) Cost pressure, led by rise in commodity prices, is expected to take India's current account deficit during Q2FY22 to 1.3 per cent of the GDP, India Ratings and Research said on Monday.

Besides, India Ratings expects India's merchandise import volumes to recover further with the economic activities picking up with a decline in Covid-19 caseload, improved vaccination rates, and the festive season demand. Accordingly, India's merchandise import bill is estimated to be around $150 billion in Q3FY22.