Highlights of the interview –
- In July, OPEC & its allies have agreed to increase oil production by 1 million barrels per day. Hence, this should reduce the fears of further increase in crude prices. India being net importer of crude, it is a very important number as any increase in oil prices leads to increase in inflation and widening current account deficit – which is not good for a stable macro-economic environment.
- Some consumption items in 28% bracket of GST may see coming down to 18% bracket.
- In the election year, markets generally give positive returns as governments give a boost to consumption and infrastructure sector.
See the entire interview below –