Tanvee Gupta Jain

With the Q2 GDP numbers slated for release on Tuesday, November 30, economists and analysts feel the Indian economy grew in the range of 7-9%. The forecast Rating agency ICRA has upgraded its GDP growth estimate for the second quarter of the current fiscal on the back of higher government spending in September. ICRA, which had pegged the growth rate at 7.7%, has now upgraded it to 7.9%. The Reserve Bank of India has forecast a growth rate of 7.9% for the real GDP.

have slipped from the two-year highs hit last week by both crude benchmarks on signs that US supply is rising and could potentially undermine OPEC's efforts to tighten the market. This author discusses the macro sensitivity of India to movement in global crude Brent crude have continued to recover and are now exceeding US$60/bbl. This is up about 35% from this year's low, and 10% above our 2018 forecast of US$55/bbl.