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News Brief | April 2016

Global oil price drop, a windfall for India

The collapse in global oil prices has proved to be a windfall gain for India, making room for more spending on goods and services, according to the International Monetary Fund (IMF). It further stated that the oil price drop has, in fact, ushered a sharp decline in inflation.

In its latest report, the IMF projected India´s GDP growth from 7.3 per cent in the current fiscal year to 7.5 per cent in the next, despite uneven economic recovery

Contact: International Monetary Fund
Website: http://www.imf.org/external/index.htm

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