India is mum on Saudi-Qatar row, but has a reason to smile

India is mum on Saudi-Qatar row, but has a reason to smile

 

Will the decision of Saudi Arabia and six other Gulf nations to severe ties with Qatar impact the domestic economy or Dalal Street?

For one, India buys oil and gas from both Saudi Arabia and Qatar. Saudi is the world’s largest oil exporter, while Qatar is the largest exporter of liquefied natural gas and condensate.

However, analysts said the rift is unlikely to have any bearing on India. In fact, it could work in its favour, if Opec efforts to tighten crude

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Credit: The Economic Times

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