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Free to View – Economics – India (4 March 2022)

HSBC writes:

– If oil averages cUSD100/b for a prolonged period, the drag on GDP growth could be up to 0.9ppt, inflation could rise by around 1ppt, and the current account deficit could widen by 1.2ppt

– Half of the growth drag is already at play; the other half will likely show up clearly when domestic pump prices are raised later in March

– By cutting excise duties, the public sector has borne ...

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