High crude prices may lower GDP growth to 5.8%
after close1 source ↓written by the desknot a recommendation
- could reduce GDP
- $105 per barrel
- and raise CPI
- 5.8%
- amid the West
- 4.8%
- decreasing
- 1-23%
- for fertilizer subsidies
- ₹30,000–35,000 cr
High crude prices at $105 per barrel could reduce GDP growth to 5.8% and raise CPI inflation to 4.8% amid the West Asia crisis. The threat of El Niño may further impact Kharif output, potentially decreasing it by 1-23%. The government might need to allocate an additional ₹30,000–35,000 cr for fertilizer subsidies to support agriculture.
Not investment advice. For informational purposes only.