West Asia crisis may cost India โน2.1 trillion: Bank of Baroda economists
โข Bank of Baroda economists warn that the escalating crisis in West Asia could cost India approximately โน2.1 trillion. โข The financial impact is primarily driven by rising global oil prices and an increased subsidy burden on the government. โข These economic pressures threaten to widen India's fiscal deficit and negatively weigh on the national growth outlook for FY27.
business-standard.com