New Delhi: Higher fuel costs and tighter financial conditions are already weighing on global demand and raising the cost of capital, with India better placed than several developed economies but still exposed through imported energy and foreign savings, World Bank Group Executive Director and UIDAI Chairperson Neelkanth Mishra said on Saturday.
Speaking about two of the four major channels - food, fuel, fertiliser and finance - through which geopolitical disruptions can hit economies, Mishra said the impact was already visible in fuel consumption and global financial markets.
