$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth

India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year, Indian wealth and asset manager 360 ONE Capital said in a report on Tuesday. “Our revised base case assumes de-escalation by mid-June, with crude oil averaging $90/bbl in FY27,” the asset manager said, as carried by Indian media. Under this scenario, consumer prices are set to rise to 4.8% while GDP growth would moderate to 6.3% from 6.7% previously expected, acco