Category: Global oil

India’s economy ‘major winner’ from global oil price collapse

Falling energy prices could reduce India’s inflation and lower the cost of its import bills, economists say. That could, in turn, help narrow the country’s trade and current account deficits. According to Radhika Rao, an economist at Singapore’s DBS Group, “a prolonged spell of low oil prices will support discretionary purchasing power.” That refers to the amount […] Read More