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India shows ‘cautious resilience’ despite Middle East conflict: DEA
India's economic story is expected to remain on a path of "cautious resilience" in the near term, even as global uncertainties continue to grow, the department of economic affairs (DEA) said in its Monthly Economic Review for May. However, it cautioned that the ongoing conflict in the Middle East, rising crude oil prices and the possibility of a weaker-than-normal monsoon could pose challenges to growth and fuel inflationary pressures in the months ahead. Despite these risks, the DEA said...