💨 Abstract

The DSP Asset Managers report indicates a potential threat to India's Balance of Payments (BoP) due to a combination of foreign investor sell-offs and a surge in crude oil prices. Historically, India has a high dependency on imported oil, which significantly impacts its external balance. When crude oil prices surge, as they have in the past, India's merchandise trade deficit increases, straining the country's economic resilience.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖