India's exposure to fuel and finance shocks despite stronger footing

ANI reports in The Economic Times that Neelkanth Mishra says higher fuel costs and tighter financial conditions are already weighing on global demand and raising borrowing costs. He sees India as better placed than several developed economies, but says its reliance on imported oil and foreign savings leaves growth vulnerable. Mishra argues that any RBI rate hike should reflect domestic conditions rather than automatically follow US policy.