'Economy's Sound Enough To Bear Short-Term Oil Shock'

(MENAFN- Live Mint) "Mumbai: India is in a much better place to withstand a sudden oil price shock unlike in the 1990s when both import and export baskets were not as diversified as they are now. Were the country to face an oil price shock, it would not have to cut back on oil imports as other items can flex to keep the current account in equilibrium and economic output will not contract, Anish Tawakley, deputy CIO , Equity - ICICI Prudential Mutual Fund, said in an interview, in the context of the rising tension in the Middle East.


Live Mint

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.