Middle East

The government has projected growth of around 4 per cent for the next fiscal year, while aiming to keep inflation under control and continue fiscal consolidation.

International mediators, including Qatar, continue to play pivotal roles. The coming weeks will test whether this ceasefire evolves into a comprehensive framework for Middle East security or remains a fragile pause.

The RBI’s June 2026 policy review underscores the complexities of navigating an interconnected global economy.

Economists emphasise that while external support is crucial, sustainable recovery depends on addressing governance issues, infrastructure bottlenecks, and vulnerability to global commodity swings.

This development comes at a time when the economy is navigating multiple global headwinds.

As geopolitical tensions escalate in West Asia, the economic ripple effects are hitting Indian shores with growing intensity.

IMF officials feel that without decisive action, Bangladesh risks not only losing the immediate $1.3 billion tranche but also jeopardising future disbursements and its broader reform credibility.

As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.