Crude at $120 could cut India's GDP growth to 6%

Crude at $120 could cut India's GDP growth to 6% — Rising crude oil prices pose significant downside risks to India’s economic expansion, potentially dragging GDP growth down to 6% if sustained. A sustained average of $120 per barrel would pressure inflation, widening the current account deficit and forcing monetary tightening. This could dampen corporate earnings and investor sentiment across sectors, especially energy-importing industries.
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