How’s India’s economy coping with the war?
India’s goldilocks moment is, perhaps, gone. Oil and gas import bills have been rising, amidst huge uncertainties of supplies. Rupee depreciated 3.5% in the month since the Iran war began, and 10% over the past year. Anantha Nageswaran, India’s chief economic adviser, says the war will result in “considerable downside to FY27 growth estimate of…