The popular narrative of high frequency growth of Indian economy suddenly changed to lower moderation after February end. The US-Israel war with Iran is significantly altering the key macroeconomic parameters of India. The fiscal balance and external balances are now creating a big hole in the economy. Bullion market is upbeat but the share market is bobbing up and down in uncertainties. There is a tight rope walk for the government to balance the electoral promises in six states going to polls in the next few months and to circumvent the effect of war
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