IMF Flags Higher Oil Price As Key Risk to India’s GDP Growth

India’s economic growth for the 2026/2027 fiscal year could be lower than previously expected amid higher oil prices with the re-escalation of the Middle East war and the El Nino weather phenomenon, a senior official at the International Monetary Fund (IMF) told Reuters. “The downside risks are probably twofold,” Ranil Salgado, the IMF’s resident representative for India and Bhutan, told Reuters in an interview published on Tuesday. “One is that the war is already starting to expand again, and that has implications…