Rising oil prices may lower India's GDP growth by 2.5%
pre-market1 source ↓written by the desknot a recommendation
- oil prices reaching
- $126 per barrel
In a recent interview, former Chief Statistician Pronab Sen warned that rising oil prices could cut India's GDP growth by up to 2.5%. With oil prices reaching $126 per barrel, the anticipated decline poses significant challenges for the economy. Traders should brace for potential market volatility as these developments unfold.
Not investment advice. For informational purposes only.