02-May-2026
Economy News
 
Inflation may shoot above 5%; growth below 6% if crude remains above $110: Experts
02-May-2026

Economists see a severe hit to the economy in terms of growth, inflation and consumption demand if crude oil — which crossed $126.4 a barrel this week, the highest since March 2022 — continues to trade higher for longer. Analysts predict that if crude remains above the $110-a-barrel mark for an extended period, FY27 growth may plummet below 6%, the fiscal deficit could widen by 50 basis points, and inflation may shoot past 5%.

News Source:- https://www.newindianexpress.com/business/2026/May/01/inflation-may-shoot-above-5-growth-below-6-if-crude-remains-above-110-experts
 
 
 

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