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West Asia crisis so far may cost govt Rs 1.35 lakh crore, spending cuts unlikely: ICRA Chief Economist

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The West Asia crisis could have a fiscal impact of around Rs 1.35 lakh crore on the government so far, but the Centre may be able to absorb this pressure through routine expenditure savings without cutting spending, Aditi Nayar, Chief Economist at ICRA, told ANI in an exclusive interview.

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