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Fuel price shield helping India and consumers to tackle West Asia crisis: Gita Gopinath
India is already cushioning the economy from the West Asia crisis. Gita Gopinath, former IMF Deputy Managing Director, states the government is limiting fuel price hikes. This acts as an implicit subsidy. She advises more targeted support for vulnerable households and businesses instead of broad fuel subsidies. This approach helps where needed most and avoids economic distortions.
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Elevated oil prices could drag India's growth to 6%, below IMF forecast of 6.5%: Gita Gopinath
Elevated oil prices could slow India's economic growth to around 6%, according to former IMF official Gita Gopinath. She warned that prolonged West Asian tensions could further…
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Fuel price shield helping India and consumers to tackle West Asia crisis: Gita Gopinath
India is already cushioning the economy from the West Asia crisis. Gita Gopinath, former IMF Deputy Managing Director, states the government is limiting fuel price hikes. This…