India Markets Plunge Pressures Singh as Economic Crisis Deepens

India Markets Plunge Pressures Singh as Economic Crisis Deepens

Brent Lewin/Bloomberg

A roadside vendor talks to a customer as he stands beside his fruit stall in Srinagar. India will “remain exposed to funding risks” if the current-account deficit exceeds 2.5 percent of GDP and consumer-price inflation stays above 7 percent, according to Chetan Ahya, a Morgan Stanley economist in Hong Kong.