The largest threats to India’s financial development would doubtless come from forces outdoors the nation, Finance Minister Nirmala Sitharaman stated, citing the danger of upper oil costs and the impacts from Russia’s struggle in Ukraine. 

The impact on gasoline costs from the latest shock OPEC+ oil-output reduce 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 stated in an interview in Washington on Saturday.