{"id":470933,"date":"2022-02-25T10:02:59","date_gmt":"2022-02-25T04:32:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=470933"},"modified":"2022-02-25T10:47:48","modified_gmt":"2022-02-25T05:17:48","slug":"indian-economy-poised-for-recovery-but-high-crude-prices-worrisome-cea-nageswaran","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-economy-poised-for-recovery-but-high-crude-prices-worrisome-cea-nageswaran\/","title":{"rendered":"Indian economy poised for recovery, but high crude prices worrisome : CEA Nageswaran"},"content":{"rendered":"<p>Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said that the Indian economy is now poised for recovery but high crude oil price is a cause for concern.<\/p>\n<p>The banking sector in the country is stable, capital is available and credit offtake is poised to take off, he said at a webinar organised by Bharat Chamber of Commerce.<\/p>\n<p>\u201cWe are not unique to the phenomenon of uncertain growth and high inflation due to the pandemic. Developed countries are also facing the same problem,\u201d he said. <\/p>\n<p>The budget for 2022-23 has been made keeping in mind that the price of crude oil will be around USD 75 per barrel. But due to the conflict between Russia and Ukraine, the price of Texas crude is now USD 96 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said that the Indian economy is now poised for recovery but high crude oil price is a cause for concern. The banking sector in the country is stable, capital is available and credit offtake is poised to take off, he said at a webinar organised by Bharat Chamber of Commerce. \u201cWe are not unique to the phenomenon of uncertain growth and high inflation due to the pandemic. Developed countries are also facing the same problem,\u201d he said. The budget for 2022-23 has been made keeping in mind that the price of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-470933","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=470933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=470933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=470933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=470933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}