Oil prices at $200 could lower India's GDP forecast
pre-market1 source ↓written by the desknot a recommendation
- for the current
- 7.6%
- may face
- 1.5% decline
- if oil prices
- 6.1%
- prices surge
- $200 per barrel
- in oil prices
- $10 increase
India's GDP growth forecast of 7.6% for the current fiscal year may face a 1.5% decline to 6.1% if oil prices surge to $200 per barrel. Each $10 increase in oil prices could reduce GDP growth by 15 bps and inflation by 30 bps. The ongoing Israel-US conflict with Iran is a key factor behind this volatility.
Not investment advice. For informational purposes only.