India has ample buffers to weather headwinds from West Asia conflict: World Bank
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The World Bank says India has ample buffers to weather the current global energy shock, with high foreign exchange reserves, fiscal space, and low inflation supporting growth. Despite global headwinds, India's growth is estimated to have accelerated, with the World Bank projecting 6.6% growth in the current fiscal year.
The World Bank believes India is well-placed to handle the global energy shock. India has high foreign exchange reserves, fiscal space, and low inflation. The World Bank recently raised India's GDP growth projections to 6.6%. India's economy entered the current West Asia crisis from a position of strength. The country has dealt well with trade turbulence and has strong policy buffers. The World Bank estimates India's growth will slow to 6.6% in the current fiscal year, but this is still higher than previous projections.
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