# Arthur Laffer: Oil below $60; Nilesh Shah: AI reforms key 2026-08-07T17:03:46+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Economist Arthur Laffer has predicted that global oil prices could fall below $60 a barrel once supply through the Strait of Hormuz normalises, providing relief to the world economy. Speaking at an event, he said easing tensions in the region would unlock supply and lower prices, benefiting import-dependent nations like India. Kotak Mahindra AMC managing director Nilesh Shah agreed that lower oil prices would help India's economy in the short term, but cautioned that sustainable growth depends on structural reforms. He stressed that India must seize opportunities in artificial intelligence, data centres, and enterprise AI to ensure long-term competitiveness. Times Now News reports the comments. ## Coverage - timesnownews.com Tags: AI reforms, Arthur Laffer, India economy, Nilesh Shah, Oil prices, Strait of Hormuz Canonical: https://indianopinion.org/arthur-laffer-oil-below-60-nilesh-shah-ai-reforms-key/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/arthur-laffer-oil-below-60-nilesh-shah-ai-reforms-key/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.