Rising oil prices may cut India's GDP growth by 2.5%
after close1 source ↓written by the desknot a recommendation
- in India's expected
- 2-2.5% decline
- oil recently hitting
- $126 per barrel
Former Chief Statistician Pronab Sen warned that rising oil prices could lead to a 2-2.5% decline in India's expected GDP growth. With oil recently hitting $126 per barrel, this potential reduction poses significant risks to the economy. Traders should monitor oil price trends closely as they may impact market sentiment.
Not investment advice. For informational purposes only.