The spike in oil prices due to global factors, including economic slowdown and geopolitical conflicts, is unlikely to be a major downside risk for the Indian economy in the next financial year( FY25), according to V. Anantha Nageswaran, Chief Economic Advisor....
Therefore, I do not think energy demand will necessarily become sufficient enough in the course of 2024 to see oil prices spike up....
However, this is going to run into the challenge of slowing demand....
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2023-12-28 00:00:00.0