While India’s domestic growth story stays resilient, the external sector risks continue, and with mounting impact and ripple effects. As the Department of Economic Affairs notes, global conditions have turned unfavourable again. Oil prices have spiked in September. Global bond yields have moved sharply higher and continue to climb. While India’s domestic growth story stays resilient, the external sector risks continue, and with mounting impact and ripple effects. As the Department of Economic Affairs notes, global conditions have turned unfavourable again. Oil prices have spiked in September. Global bond yields have moved sharply higher and continue to climb.
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