Fundamentals strong, can deal with oil surge: Finance ministry
India's strong foreign exchange reserves and low deficits provide a buffer against rising oil prices, ensuring energy security. However, a prolonged West Asia crisis could impact the rupee and inflation. Despite this, the economy is well-positioned for growth, with GDP projected at 7.0-7.4% for FY27, though global uncertainties persist.
India's strong foreign exchange reserves and low deficits provide a buffer against rising oil prices, ensuring energy security. However, a prolonged West Asia crisis could impact the rupee and inflation. Despite this, the economy is well-positioned for growth, with GDP projected at 7.0-7.4% for FY27, though global uncertainties persist.
