Falling oil prices provide relief to India's economy
According to Radhika Rao from DBS Bank, a decline in oil costs may boost India's FY27 growth rate toward the 6.8-7% range by reducing strain on inflation, the rupee, and the current account. She noted that the RBI's non-interest rate strategies are expected to encourage capital investment, though she highlighted that monsoon patterns, energy stability, and supply chain developments continue to be key areas of concern.
by shortkt.com✓