Tag: oil prices
India willing to let fiscal deficit widen to 4.8% of GDP: Report
India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, citing an official familiar with the matter, as the war…
Indian economy, government finances, see mounting costs from Iran war
A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies….
RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri Subbarao
Mumbai: Former RBI Governor Duvvuri Subbarao has said the central bank must allow some more depreciation in the rupee to help absorb external pressures, and…
India considering several measures to stop CAD from widening further, says Piyush Goyal
India is closely tracking external sector trends and evaluating a range of measures to prevent any sharp deterioration in the current account deficit (CAD), Commerce…
WPI inflation to face further upside as oil and metal prices stay elevated amid geopolitical tensions: Report
New Delhi: With the US-Iran conflict keeping global crude oil prices elevated and the Strait of Hormuz disruption pushing up metal costs, the economic research…
Fuel price hike may push inflation up by 20 bps, say experts
New Delhi: Retail inflation could accelerate by 15-20 basis points (0.15-0.20 percentage points) in the coming months following the fuel price hike announced on Friday,…
Uday Kotak puts India’s troubles in perspective as the economy swings between hope and despair in the wake of Iran war
India may have been too much and too long in a comfort zone and even a little paranoia will help the country find powerful, permanent…
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Niño brings soaring temperatures and dry…
How two months of war in West Asia hit global markets and the economy
Two months after the US-Israel war with Iran began on February 28, the human and fiscal costs are already substantial. The death toll in Iran…
Despite uncertainty, India to withstand global shocks due to strong macro fundamentals: BoB Report
New Delhi: India is expected to withstand global economic shocks despite rising uncertainty due to its strong macroeconomic fundamentals, according to a report by Bank…