South Asia and Beyond

‘Indian Economy Very Resilient, Can Grow At 9% This Fiscal’

NEW DELHI: As the Indian economy was reviving from the Covid-induced downturn, the impact of the Russia-Ukraine war began to manifest itself in the form of high fuel prices. The sad reality is that our energy imports are 4 per cent of our GDP; if gas prices, oil prices, coal prices, fertilizer prices, edible oil prices, all of them go up, it is a big drag on our growth, says Neelkanth Mishra, co-head of Asia Pacific Strategy and India Equity Strategist for Credit Suisse. Speaking to StratNews Global Editor-in-Chief Nitin A. Gokhale on ‘The Gist’, Mishra says he sees a “six-month period of macroeconomic volatility and uncertainty, which we need to go through and then the economy can stabilize and start growing again”.

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