India & Middle East Conflict: World Bank Analysis
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The World Bank says India has strong buffers to weather the current global energy shock caused by the Middle East conflict, with high foreign exchange reserves, fiscal space, and low inflation supporting growth. India's GDP growth is estimated to have accelerated, with the World Bank projecting 6.6% growth in the current fiscal year despite global headwinds.
The World Bank says India is well-placed to handle the global energy shock. India has high foreign exchange reserves, fiscal space, and low inflation, which will support growth. The World Bank raised India's GDP growth projections to 6.6% for the current fiscal year. India's economy entered the Middle East crisis from a position of strength. The country has strong policy buffers and a strong growth momentum. The World Bank appreciates the Indian government's handling of the energy crisis.
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