New Delhi, April 21 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra has underlined the significant impact of the ongoing crisis in West Asia on Indias economy, citing the countrys deep trade and energy linkages with the region.
Coming to the present crisis, it particularly impacts us as West Asia contributes about one-sixth of our exports, one-fifth of our imports, half of our crude oil imports, two-fifths of our fertilisers imports and almost two-fifths of our inward remittances, Malhotra was quoted by news agency PTI while speaking at Princeton University over the weekend.
Measures to Manage Supply Risks
The RBI Governor noted, Sources of imports are being diversified. While there is no shortage of oil, given the reserves m...