New Delhi, 26/5: Finance Minister Nirmala Sitharaman on Monday said the West Asia crisis is exerting pressure on India’s foreign exchange due to higher outgo on fuel, fertiliser and gold imports.
The West Asia crisis is not only a diplomatic or geopolitical issue. For businesses and common people, it can mean higher fuel cost, delayed cargo, costlier shipping, shortage of inputs, pressure on working capital and uncertainty in export orders,” the Finance Minister said at the Small Industries Development Bank of India (SIDBI) foundation day event in Mumbai.
