Tag: middle east conflict impact
Energy shock strains India’s growth, fiscal outlook: S&P report
Energy price spikes and supply constraints due to the Middle East conflict are an economic stress for India, with fiscal pressures also likely to come…
India’s forex reserves rise $2.3 billion to $703.30 billion as of April 17
India’s foreign exchange reserves rose by $2.3 billion in the week ending April 17 to stand at $703.30 billion, according to data released by the…
West Asia turmoil to swell fertiliser subsidy by up to Rs 25,000 Crore, hit output: Crisil Ratings
New Delhi: India’s fertiliser subsidy bill could climb by Rs 20,000-25,000 crore even as production could dip 10-15% if Middle East issues persist, according to…
India’s limited oil buffers, reliance on subsidies heighten risks from Middle East conflict, Moody’s warns
India’s heavy reliance on oil imports from the Gulf, coupled with relatively limited strategic reserves, leaves it vulnerable to rising energy prices and potential supply…
India says it needs to build resource buffers, reprioritise fiscal spending
NEW DELHI: The conflict in the Middle East has underscored the importance of natural resource buffers, and fiscal resources have to be reprioritised in coming…
Iran war may hurt India’s growth more than inflation, RBI expected to hold steady
The U.S. and Israel’s attack on Iran is expected to weigh more on India’s economic growth than its inflation, which will encourage the Reserve Bank…