Economists warn of GDP growth risk from rising crude prices
after close1 source ↓written by the desknot a recommendation
- in FY27
- 50 basis points
- GDP growth
- 6.8–7.2%
- If prices exceed
- $100 per barrel
- could worsen
- 70 basis points
A surge in crude oil prices due to the US-Israel-Iran conflict may reduce India's GDP growth by over 50 basis points in FY27, economists caution. Current projections estimate GDP growth at 6.8–7.2%. If prices exceed $100 per barrel, the impact could worsen to 70 basis points. This highlights India's vulnerability as a major oil importer.
Not investment advice. For informational purposes only.