Surging crude oil prices amid escalating geopolitical conflict in Ukraine has cast a shadow on the country's macroeconomic stability with the rupee touching a lifetime low, widening trade deficit, and stubborn inflation at around 7 percent level
The storm clouds perilously gathering over the Indian economy are now starting to worry the most optimistic of the soothsayers. The havoc caused by the once-in-a-lifetime pandemic notwithstanding, the escalating war between Russia and Ukraine has shaken the global economy, in turn, shackling domestic growth with multiple risks.