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      Question

      According to projections, how much would a $10/barrel

      increase in crude oil prices impact India’s Current Account Deficit (CAD) as a percentage of GDP?
      A 0.1% Correct Answer Incorrect Answer
      B 0.2% Correct Answer Incorrect Answer
      C 0.3% Correct Answer Incorrect Answer
      D 0.5% Correct Answer Incorrect Answer
      E 0.7% Correct Answer Incorrect Answer

      Solution

      A $10 per barrel increase in crude oil prices is projected to raise India’s net imports by $13–14 billion and increase the Current Account Deficit (CAD) by 0.3% of GDP. This could adversely impact GDP outlook and corporate profitability due to higher input costs and inflationary pressures.

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