🛢️ How Much Damage Can a $10 Rise in Crude Do to India’s GDP?

A $10 increase in crude oil prices could shave nearly 0.5% off India’s GDP growth, according to estimates. With roughly half of India’s oil imports coming from the Middle East, higher crude prices: Push up inflation Raise fertiliser and farming costs Increase subsidy burden Widen the trade deficit Escalating global tensions amplify risks, leaving India vulnerable to external shocks and rising import bills. 📌 StockYard Take: Sustained crude spikes can pressure growth, fiscal balance, and market sentiment. #CrudeOil #IndianEconomy #GDPImpact #EnergyPrices #StockYardResearch