Oil at $113, Conflict Risks Rising: CEA Nageswaran Flags Inflation, Remittance Pressure
India’s Chief Economic Advisor (CEA) V. Anantha Nageswaran has cautioned that crude oil prices hovering around $113 per barrel, coupled with escalating geopolitical conflicts, could intensify inflationary pressures and strain remittance flows. His remarks highlight the vulnerabilities of India’s economy to external shocks, particularly in energy imports and overseas worker remittances, which are critical for…