20.05.2016 - Will oil at $50/barrel worry India?
While oil that plunged below $30 a few months ago helped India contain inflation and shrink its trade deficit, a rebound to $50 has other advantages for the world's fastest-growing importer of crude. More cash for fuel exporters could boost global growth, lure commodity-dependent sovereign wealth funds back to emerging markets and increase demand for Indian-made goods, including petroleum products. "The environment might be better rather than worse for India," said Sonal Varma, an economist at Nomura Holdings in Mumbai. Oil at "$60, $65, $70 -- that's when the problem starts, but right now I think it's fine."..............................................Full Article: Source
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