Oil surge brings back twin deficit spectre; experts chart rupee’s course, RBI response
NEW DELHI: As global financial markets reel under the impact of the largest military conflict seen in Europe since the Second World War, India faces the return of a much feared spectre – the twin deficit challenge.
The economic damage inflicted by the COVID-19 crisis has compelled the government to delay fiscal consolidation and widen the Budget deficit in order to spend more and nurse the economy back to health.
