The Economic Times

Every $10 per barrel rise in crude oil prices can shave about 0.5% off India's GDP growth: SMC's Bharti

Rising crude oil prices due to Middle East tensions pose a significant threat to India's economy. Experts warn that every USD 10 per barrel increase could reduce GDP growth by 0.5 percent. India, heavily reliant on Middle East crude, faces pressure on economic activity, inflation, and currency stability.