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BoP pressure likely to remain a challenge: CEA V Anantha Nageswaran
The brief
- CEA V Anantha Nageswaran said India must pursue manufacturing and services
- Balance of payments pressure is likely to remain a challenge
- CEA flags US friction, energy shocks, and missing AI play as India’s key near-term risks
- CEA flags US ties, energy as headwinds, calls for strategic buffers
- India may not have got same FCNR(B) inflows if deposits were raised now: CEA
- CEA flags US ties, energy prices and lack of AI presence as near-term headwinds
- India must remain prepared for higher energy prices: CEA Nageswaran