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Data▼ Bearish for Indian equities
CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%
The brief
- Q2 growth seen at 7.3%
- The CEA warned H2 would be challenging amid rising oil prices and global growth pressures
- Higher oil prices can pressure Indian airlines and oil-marketing companies
- CEA flags US friction, energy shocks, and missing AI play as India’s key near-term risks
- CEA flags US ties, energy as headwinds, calls for strategic buffers
- India may not have got same FCNR(B) inflows if deposits were raised now: CEA
- CEA flags US ties, energy prices and lack of AI presence as near-term headwinds
- India must remain prepared for higher energy prices: CEA Nageswaran