From the Gulf to the kitchen: The oil shock India can’t escape

If current conditions persist, with oil prices hovering in the $90-$100 range, growth is likely to stabilize around 6 percent to 6.5 percent rather than accelerate.

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023.

Credit: REUTERS/Alexander Manzyuk/File Photo

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Badri Narayanan Gopalakrishnan

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A senior economist and affiliate faculty member at University of Washington Seattle, Founder of Infinite Sum Modeling LLC, Seattle and Former Head, Trade, NITI Aayog, GoI, New Delhi.

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