According to James Glassman, senior economist at JPMorgan fall in crude prices would benefit to all oil importing nations and would boost growth.
With Brent crude falling to five year lows below USD 65/100, James Glassman, senior economist at JPMorgan thinks it is a big positive for most developing economies (DEs), including India.
According to him, it would benefit all oil importing nations and would boost their growth.
For India per se, he pegs growth at around 5.7 percent for the next year.
He is also not overly worried about slowdown in growth for China and says it should not be interpreted as a negative story.
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