There is scant downside risk to the Indian economy in the last months of this financial year from the Omicron coronavirus variant, according to economists polled by Reuters who said New Delhi should focus on fiscal prudence in its February budget.
Asia's third-largest economy is in the midst of a resurgence in coronavirus cases driven by the new variant that has forced most states to impose localised restrictions.
"The current phase of restrictions is not as harsh as it was during the previous waves. So, I think Omicron and the economic damage it inflicts is a Jan-March story and will only be limited to this fiscal year," said Madhavi Arora, lead economist at Emkay Global Financial Services. "India and other emerging markets will have to start thinking about consolidating their COVID-19 year budget deficits in a global monetary environment where the U.S. Fed is starting to normalise policy," said Miguel Chanco, senior Asia economist at Pantheon Macroeconomics.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Polygon Teases Major Release for Indian Gaming Community SoonPolygon considers next big release for Indian gaming community MATIC PolygonNetwork
Leer más »
Indian Gaming Firm nCore Games Raises $10M For Web 3 Offerings: ReportIndian gaming firm nCore_games is planning to embark on a Web 3 push with the help of $10 million in fresh funding led by animocabrands. By JamieCrawleyCD
Leer más »
UK asked to nab Indian army chief, home minister over Kashmir 'war crimes'Law firm Stoke White says it has submitted evidence including 2,000 testimonies to UK police documenting how troops led by General MM Naravane and Home Minister Amit Shah were directly involved in alleged war crimes and torture in disputed region.
Leer más »
EXCLUSIVE Indian rice traders stop new export deals as freight train shortage blocks shipmentsNearly a third of India's rice exports for this month are stuck due to a shortage of freight trains and most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters.
Leer más »
Indian PM Calls for Common Global Stand on CryptocurrenciesSpeaking at the WEF's Davos Agenda 2022, Narendra Modi said the efforts of a single country to tackle challenges from crypto couldn't be sufficient.
Leer más »
Fourth dose of COVID-19 vaccine provides additional boost in antibodies, Israeli study saysA fourth dose of an mRNA COVID-19 vaccine could increase antibodies and provide more protection from the virus, according to a new study from Israel.
Leer más »