Business Today
As the West Asia crisis crosses the 100-day mark and tensions continue to escalate, India faces growing concerns over oil prices, the Strait of Hormuz, the rupee, inflation and economic growth. In this exclusive interview with India Today, Chief Economic Advisor Dr. V. Anantha Nageswaran discusses why he calls the situation a "live balance of payments stress test" for India and explains how the government and the Reserve Bank of India are responding. He shares his assessment of the risks to GDP, inflation and the fiscal position, addresses concerns over foreign exchange reserves and the weakening rupee, and responds to criticism surrounding foreign direct investment and India's investment climate. Dr. Nageswaran also outlines the government's approach to energy security, gold imports and sector-specific support, while emphasising that the biggest uncertainty remains the duration of the conflict and its impact on global oil markets. Watch the full exclusive for a comprehensive analysis of the challenges and opportunities facing the Indian economy.
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