Crude below $60/barrel is huge positive for India.
We’re the 2nd largest importer of crude, worldwide.
With lower crude price basket, our fiscal deficit would be lower.
The pressure on government kitty would be lower and the surplus money can be used in many other ways.
Lower crude also keeps inflation in check, giving RBI enough room to cut interest rates.
Goes without saying, crude below $60 is another hyper bullish signal for India.
