The greatest threats to India’s financial progress would probably come from forces exterior the nation, Finance Minister Nirmala Sitharaman mentioned, citing the danger of upper oil costs and the impacts from Russia’s warfare in Ukraine. 

The impact on gas costs from the current shock OPEC+ oil-output lower and “the spillover of all the decisions which are related to the Russia-Ukraine war” are “the two main things which I think I’d be more worried about than anything internal,” she mentioned in an interview in Washington on Saturday.