India's Informal Sector Faces Strain as Growth Outlook Remains Stable Amid Middle East Conflict
Updated
Updated · Reuters · Apr 28
India's Informal Sector Faces Strain as Growth Outlook Remains Stable Amid Middle East Conflict
7 articles · Updated · Reuters · Apr 28
A Reuters poll of 54 economists forecasts 6.7% GDP growth for India this fiscal year, but notes early strain in the informal sector due to disrupted LPG supplies and rising fuel costs.
Restaurants and hotels in cities are reducing hours and switching to alternative fuels, while inflation is projected at 4.5% and the Reserve Bank of India is expected to hold rates until end-2027.
Economists warn that prolonged conflict could force the government to divert funds from capital expenditure to subsidies, further impacting jobs, demand, and public finances in India's shadow economy.
Why is India's stable GDP growth hiding a crisis for 490 million workers?
India's economy is called resilient, but can it withstand both war and automation?
With the Strait of Hormuz blocked, how can India secure its energy future?
How can a nation measure its economy when half of it operates in the shadows?
Is the shift from cooking gas to firewood creating a new health crisis in Indian cities?
Beyond fuel duty cuts, what is the real plan to save millions of small businesses?