West Asia crisis may cost India ā¹2.1 trillion: Bank of Baroda economists
⢠Bank of Baroda economists warn that the escalating crisis in West Asia could cost India approximately ā¹2.1 trillion. ⢠The financial impact is primarily driven by rising global oil prices and an increased subsidy burden on the government. ⢠These economic pressures threaten to widen India's fiscal deficit and negatively weigh on the national growth outlook for FY27.
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