Oil price spikes have limited impact on India's economy
pre-market1 source ↓written by the desknot a recommendation
- mirrors past trends
- 39.7%
- where shocks lasted
- 6-7 months
A report from Bank of Baroda indicates that historical oil price spikes do not significantly alter India's GDP or inflation trajectory. An analysis over 54 years shows short-run correlations between oil prices and wholesale prices (WPI), but a weak long-term relationship with CPI. The current oil price surge of 39.7% mirrors past trends where shocks lasted 6-7 months.
Not investment advice. For informational purposes only.