India's growth forecast hinges on oil prices, says Nilesh Shah
Nilesh Shah of Kotak Mahindra AMC forecasts over 7% growth for India this year, but warns that next year's growth hinges on lower oil prices. He highlighted rising inflation and significant FPI sell-offs of ₹2.5 trillion as key concerns.
pre-market1 source ↓machine-written, see hownot a recommendation
- this year
- 7% plus growth
India is set for 7% plus growth this year, according to Nilesh Shah, MD of Kotak Mahindra AMC. However, he cautioned that achieving similar growth next year will depend on lower oil prices amid rising inflation and supply-chain disruptions. Shah noted that FPIs sold ₹2.5 tr in the market, impacting investor sentiment.
Not investment advice. For informational purposes only.