Crude at $122 pushes India’s fiscal math off track; Deficit likely near 5% as Oil shock ripples through economy – Here’s what brokerages say – Markets
Surging global oil and gas prices are tightening the screws on India’s economy, with brokerages warning of rising fiscal stress, persistent inflation risks and pressure across the energy value chain. While the government’s Rs 10-per-litre excise duty cut on petrol and diesel offers partial relief, analysts at Motilal Oswal Securities and Goldman Sachs caution that…
