Illustration: Jayachandran/MintAs a large importer of crude oil, India benefited significantly from lower prices. Oil prices touched a two-year high earlier this week and have gone up by about 14% over the last one month. However, higher oil prices could have the opposite effect and impede economic recovery in the coming quarters. Higher oil prices will also affect corporate India’s profit margins and could delay the much awaited earnings revival. Will oil prices affect growth in the Indian economy?

Source: Mint November 09, 2017 17:48 UTC