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Chief Economic Advisor V Anantha Nageswaran said India needs to create strategic buffers.
Chief Economic Advisor Nageswaran warns of India's 'most difficult' energy shock due to West Asia crisis.
KEY POINTS
- India's fiscal deficit target of 4.3% is at risk from higher global fertiliser and petroleum prices.
- Current account deficit could rise to over 2% of GDP this fiscal, compared to under 1% for FY’26.
- India needs to build strategic buffers for critical imports like nickel, tin, and copper alongside energy.
- AI-driven job displacement is a concern, urging India's IT sector to create roles utilizing AI.
COMPANIES
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