Ruchi Bhatia

India could grow by more than 7% this year — outpacing the Reserve Bank’s current forecast — if global oil prices stay near $70 a barrel, according to a member of the RBI rate-setting panel.

India can withstand a potentially wider-than-forecast fiscal deficit this year without jeopardizing its investment-grade rating, according to Moody’s Ratings, as higher energy prices are expected to pose only temporary budget pressures.

India’s GDP could fall 6.8% in the first year after a Taiwan conflict.

India is fast-tracking efforts to sell stakes in some of its largest state-owned companies, including the nation’s biggest life insurer, as Prime Minister Narendra Modi’s administration looks to bolster public finances strained by high oil prices.

India is considering options including holding talks with Iran in order to secure safe passage for at least nine laden tankers waiting in the Persian Gulf, as attacks in the waterway threaten an already fragile interim ceasefire.

New Delhi wants to secure the transit of crude and LPG carriers carrying 198 Indian seafarers as new attacks threaten the Strait of Hormuz ceasefire.

India’s stronger-than-expected inflation reading for June has left policymakers facing a more uncertain outlook, with renewed tensions around the Strait of Hormuz threatening to push up oil prices and a developing El Niño raising the risk of higher food costs.

India should deepen economic ties with Beijing by opening the door to greater Chinese investment and reconsidering regional trade pacts as shifting geopolitics make the US a less dependable partner, an adviser to Prime Minister Narendra Modi said.

India’s inflation remains elevated with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy, according to Reserve Bank Governor Sanjay Malhotra.

Indian protesters vowed to press on after police moved to block thousands of demonstrators from marching on parliament, adding pressure on Prime Minister Narendra Modi’s government.