INSUBCONTINENT EXCLUSIVE:
India's economic growth could be impacted by the Ukraine crisis, say expertsIndia is likely to rank among the emerging economies worst
and account deficits swelled by a surge in crude oil prices to their highest in more than a decade, which will also fuel inflation."The
contagion from currently rising geopolitical tension is unlikely to remain limited to financial assets and warrants a change in our key
macro forecasts for 2022-23," said Abheek Barua, chief economist at HDFC Bank.February's budget was based on an average oil price of $75
to $80 a barrel for the fiscal year starting from April 1, but Brent briefly soared on Monday to nearly $140, its highest in over a decade.A
pressure the government to lower fuel levies and reduce the burden on consumers
offing, excise duty cuts might be undertaken, to ease pressure on purchasing power and incomes," said Radhika Rao, an economist with DBS
Bank.But every rupee cut from fuel levies shrinks revenue for the government's coffers by 130 billion rupees ($1.7 billion) a year
pandemic and revive growth.That meant the ratio of debt to GDP shot up to more than 90 per cent, for the worst among similarly-rated
with the fiscal consolidation path undertaken by us in the budget
month, he added.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated
