India faces significant external sector challenges due to rising oil prices, foreign investor exits, and a weakening rupee. Chief Economic Advisor V. Anantha Nageswaran describes this as a “live balance of payments stress test,” highlighting pressure on imports, currency stability, and foreign exchange flows. The situation is exacerbated by heavy oil import dependence and regional geopolitical tensions.
US market indexes fall over 1%, dragged by tech and Iran war worries
Major US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between the US and Iran added to