Moody’s cuts India’s 2026 growth forecast to 6% on high energy costs amid West Asia war

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India remains particularly vulnerable to high oil prices, given its dependence on imported crude oil and liquefied natural gas, Moody’s said Moody’s Ratings on Tuesday cut India’s economic growth forecast for 2026 by 0.8 percentage points to 6% on subdued private consumption, capital formation, and industrial activity amid higher energy costs triggered by the West…

FM Sitharaman cites former RBI governor Raghuram Rajan to explain rupee’s fall in Lok Sabha address

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The FM said that the main goals of the Budget are to accelerate growth, invigorate private investment, promotion of MSMEs, employment led development. Finance Minister Nirmala Sitharaman quoted former RBI governor Raghuram Rajan to explain the fall in the value of the rupee. She said that the currency volatility across major countries is reaqlly extensive…