Indian economy faces external risksBloombergThe Indian economy faces risks from the external sector, as foreign capital inflows could be hurt by US Federal Reserve monetary tightening while concerns about elevated global energy prices cloud the near-term outlook, the Indian Ministry of Finance said in a monthly report released on Saturday. Indian Prime Minister Narendra Modi, left, and UN Secretary General Antonio Guterres scatter rose petals on a statue portraying Sardar Vallabhbhai Patel, India’s first deputy prime minister after the country gained independence in 1947, in Kevadia, India, on Thursday. Indian Prime Minister Narendra Modi speaks at an event in Gandhinagar, India, on Wednesday. Indian Prime Minister Narendra Modi’s Bharatiya Janata Party is heading into elections in his home state of Gujarat and in the northern state of Himachal Pradesh later this year amid continuing discontent over unemployment and high inflation. Data from the Centre for Monitoring Indian Economy show that the unemployment rate has stayed above 6.5 percent since October last year.

Source: Taipei Times October 23, 2022 19:02 UTC