RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes
India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…
The Economic Times ·