#balance-of-payments
Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
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 impor…
Surging global bond yields, elevated oil deepen rupee's slide to record lows
Elevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of payments (BoP), straining the rupee. Economists at HSBC have forecast a BoP deficit of around $65 billion in the fiscal …
The rupee’s future depends on some factors beyond India’s control but policy should focus on the rest
India's currency has been falling since before the Gulf war began, but its impact on India’s balance of payments has added to the downward pressure. The end of today’s energy crisis would bring relief, but till then, we must do what it takes to attract capita…