India’s economy is facing pressure due to global factors. The Indian rupee remains weak, influenced by rising crude oil prices and global tensions.
Higher oil prices are particularly challenging for India, as it heavily depends on imports. This can lead to inflation, increased transportation costs, and reduced household spending power. Analysts have also lowered India’s growth outlook slightly due to these pressures.
At the same time, the Reserve Bank of India is working on strengthening the financial system. New Expected Credit Loss (ECL) rules for banks will come into effect from April 2027 to improve transparency and risk