Major Warning: India's Economy Faces Strait of Hormuz Shock
Indian Express
India's Chief Economic Advisor warns of fiscal pressures from global crises, highlighting the interconnectedness of state and national economies amid rising costs.
India's CEA warns of fiscal pressures from global events.
States absorb external shocks impacting central finances.
Rising fertilizer costs may burden India's subsidy bill.
Only 8 out of 18 states expected to post a revenue surplus.