Nouriel Roubini: Has the war in West Asia finally torpedoed the efficient market hypothesis?
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Four outcomes could emerge from the Gulf conflict, none of them reassuring. They range from a fragile peace to a full-blown oil shock and global stagflation. Yet markets are behaving as if the damage is behind us. Global investors are likely to face a rude awakening
Key Facts
Type Policy
Source Livemint - Opinion
Published Sunday, 10 May 2026
Affected Population ~350 million BPL population, 140 million elderly
Key Numbers
PM-JAY: 55 crore beneficiaries
MGNREGA: Rs 86,000 crore annual outlay
NSAP pensions: 3 crore beneficiaries
Jal Jeevan Mission: Rs 60,000 crore/year
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right