None
TL
India must re-imagine responses to evolving challenges: FinMin report
['Nagaland Post']
Nagaland Post
Coming years will be no exception,” said the Monthly Economic Review report for July.
“… the recent resurgence in global crude oil prices, if sustained, could re-emerge as a source of pressure on financing of both the fiscal deficit and the current account balance,” the report said.
Crude prices soared to a four-year high of USD 126 per barrel in early May from about USD 73 level before the war.
The ministry’s report said that Indian economy has continued to demonstrate resilience amid a challenging global backdrop.
“So, India has to reinvent itself and re-imagine its responses to global imperatives if it has to achieve strategic leverage.