New Delhi, April 29 -- India's GDP growth may slip to around 6 per cent and retail inflation could rise to RBI's upper tolerance band of 6 per cent in the current fiscal, if the Indian crude basket price averages USD 120 a barrel, EY said on Wednesday.
Notably, the April 2026 release of the US Energy Information Administration EIA Short-Term Energy Outlook projects Brent crude oil prices to increase from an average of USD 81 per barrel in Q1 2026 to a peak of USD 115 per barrel in Q2 2026. Depending on how the crisis evolves, crude prices may fall in the future.
EY India Chief Policy Advisor DK Srivastava said, although room for policy interventions is limited, policymakers need to consider upward revision in the repo rate and accelerated...