EY warns of 6% GDP slowdown if oil hits $120
pre-market1 source ↓written by the desknot a recommendation
- if the Indian
- 6%
- per barrel
- $120
- of oil imported
- 80%
EY's analysis indicates that India's GDP could slow to 6% if the Indian Crude Basket averages $120 per barrel in FY 2027, driven by geopolitical tensions affecting oil supply. With over 80% of oil imported, rising prices could lead to inflation and reduced consumer spending, complicating the Reserve Bank of India's policy decisions. 📉
Not investment advice. For informational purposes only.