Ukraine war: SBI sees Re at 77.5 by June; CAD at 3.5 pc if crude boils; GDP growth at 7.1 pc

If FY23 average oil price rises to USD 100 a barrel, it will pull down growth to around 7.6 per cent from 8 per cent estimated earlier, inflation will rise to 5 per cent from 4.5 per cent, and the current account gap will jump to USD 86.6 billion or 2.5 per cent of GDP and can soar to 3.5 per cent if oil prices average at USD 130 billion.

from Economy-News-Economic Times https://ift.tt/0lYX6Fy
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