Crude shock: Ajay Bagga on how $90 oil could dent India Inc's earnings and test government's fiscal nerve
Published on: April 29, 2026, 10:59 a.m. | Source: The Economic Times
India is bracing for a major energy cost shock. Soaring crude oil prices are set to impact corporate profits, consumer spending, and government finances. The nation's import bill for crude and gas is projected to rise significantly. Experts warn that the pain will eventually be felt by consumers and the government. The aviation sector is particularly vulnerable.
