CEA warns of GDP slowdown if crude hits $130
after close1 source ↓written by the desknot a recommendation
- for 2-3 quarters
- $130 per barrel
- could decline
- 100 bps
- with prices
- $90 per barrel
Chief Economic Advisor V Anantha Nageswaran stated that if crude oil prices remain at $130 per barrel for 2-3 quarters, India's GDP growth could decline by 100 bps. He emphasized that growth can be sustained with prices around $90 per barrel. The remarks were made during a parliamentary session addressing economic challenges posed by rising crude prices.
Not investment advice. For informational purposes only.