India, May 13 -- PM Modi calls for austerity measures as global instability, rising energy costs and pressure on foreign exchange reserves test India's resilience

First came the Trump tariffs, which negatively affected the Indian economy. As the country was coming to terms with the reciprocal tariffs, the West Asia crisis began, leading to global uncertainty and a surge in crude oil prices. Indeed, these are tough times, and the country is going through an economic lean patch which, if not checked, could snowball into a much bigger crisis in no time. The West Asia crisis has thrown the world's economies into disarray, and emerging countries, including India, are feeling the impact. The impact is not the same for every country, but those ...