Boost to Indian economy from falling oil prices ‘fading’: DBS

, Economics

MUMBAI: The benefits to the Indian economy from fall in crude oil prices will be “limited” this year and domestic reforms and developments will gain focus, a report said.

“Low crude prices have been of great help to a net oil importer like India. Brent prices (INR terms) are down 70 per cent from mid-2014 levels,” global financial services major DBS noted in the report, titled ‘India: Fading boost from low oil price’.

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