Most investors representing domestic and international financial institutions think high oil prices have emerged as a major risk to India’s economy, Moody’s Investors Service said in a report today.
The finding is based on a Moody’s real-time poll of 175 people held last month at the 4th Annual India Credit Conference in Mumbai and Singapore during which market participants from over 100 financial institutions were asked questions on some of the most pressing credit issues facing India.
“When asked about the top risks facing the Indian economy, most of the respondents highlighted high oil prices as the top risk, while 30.3 per cent of those in Singapore picked rising interest rates as the next top risk, and 23.1 per cent of those in Mumbai picked domestic political risks as the second top risk,” said Joy Rankothge, a Moody’s Vice President and Senior Analyst. Read More
Latest posts by ET Energy World (see all)
- ReNew IPO likely to be deferred - July 20, 2018
- Proposed new industrial policy to suggest ease of trade for boosting exports - July 20, 2018
- Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks - July 19, 2018