India's direct economic links with Russia and Ukraine are small but there are unintended consequences from the war. Supply shortages may intensify. Meanwhile, we’ve revised upwards our inflation forecasts following the surge in oil prices. And the financial market volatility may cause the government to postpone the initial public offering of the Life Insurance Corporation, which would leave a small fiscal hole.
Drop-In (8 March, 10:00 EST/15:00 GMT): We’re discussing Russian energy imports and Europe’s energy needs in this special 20-minute briefing on one of the big sticking points in the western response to the war in Ukraine. Register here.
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