New Delhi, Jan. 13 -- The developments in Venezuela are unlikely to have any material impact on India's trade flows or the credit profiles of Indian companies, according to the Crisil report released on Tuesday here.
Crisil said India Inc remains largely insulated from the situation given Venezuela's limited role in global crude supply and India's minimal trade exposure to the South American nation.
India Inc is a media term for India's formal corporate and government sector, representing its business landscape.
Crisil noted that even if the situation in Venezuela escalates and disrupts crude oil production, the impact on global oil prices is expected to remain contained.
Venezuela accounts for only about 1.5 per cent of global crude oi...