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Budget under pressure both from external, internal fronts

Pulack Ghatack

The economy, which had been facing pressure both on the external trading front as well as within the domestic consumer index since long, is now approaching a deep crisis due to colossal damages by cyclone.
Persistent inflation had been battering the daily life of people for six years. Prices of almost all the essential items were skyrocketing. Export sectors including the garments were passing through a rough patch in the global market.
But the cyclone, all on a sudden, hit the economy hard, which is too much to be absorbed. [Read more]

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