ICRA's Nayar on Indian Economy

The video discusses India's economic challenges, focusing on the Reserve Bank's role, inflation, and the current account deficit. It highlights the impact of foreign exchange reserves and crude oil prices on the economy, and the implications of a weakening rupee. The video also covers changes in gold import tax and forecasts for the rupee's value. Finally, it addresses risks to India's growth targets due to rising commodity prices.

What is one of the main challenges faced by the Reserve Bank of India as discussed in the video?

• Continuous equity inflows

• High inflation rates

• Stable rupee value

• Low foreign exchange reserves

How does the removal of pre-pandemic excise duty buffers affect India's economy?

• It boosts foreign investments

• It reduces inflation

• It stabilizes the rupee

• It increases the fiscal deficit

What measure has India taken to address economic risks related to gold?

• Decreasing import tax on gold

• Banning gold imports

• Increasing import tax on gold

• Subsidizing gold purchases

What is a potential risk to India's 7.2% growth target?

• Decreasing commodity prices

• Increasing commodity prices

• Stable global markets

• Strong domestic demand

Which factor is helping to maintain a stable current account deficit for India?

• Strong service exports

• Low foreign investments

• Weak service exports

• High crude oil prices