Brent oil price surge raises concerns for India
after close1 source ↓written by the desknot a recommendation
- raises concerns
- $107-$108 per barrel
- could worsen
- $100
The recent surge in Brent crude prices to $107-$108 per barrel raises concerns for India, though analysts suggest it is not a macro crisis yet. With a current account deficit of 0.8% of GDP and foreign reserves at $785.7 billion, India has some buffers. However, sustained prices above $100 could worsen the growth-inflation trade-off significantly.
Not investment advice. For informational purposes only.