"Iran War Oil Volatility Could Cut GDP Growth By Up To 1%": Gita Gopinath
The United States' war on Iran has already had an impact on India's GDP growth figures for the year, Harvard professor and former IMF Chief Economist Gita Gopinath told NDTV Monday afternoon.
"Even if oil were to average say only US$85 for the rest of the year, that would shave off about half a percentage point from India's growth," she said, "If it were to average closer to US$100, we're talking about almost one percentage point being impacted. So it's already consequential."
