Now Reading: Arthur Laffer: Oil below $60; Nilesh Shah: AI reforms key
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Arthur Laffer: Oil below $60; Nilesh Shah: AI reforms key
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…
The Story in Brief
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.
The Indian Opinion
The narrative that lower oil prices alone will turbocharge India's growth is convenient but one-sided. Falling crude helps the fiscal and trade deficits, but it also masks the urgent need for domestic reforms. The focus on AI and data centres is welcome, but the government must deliver on ease of doing business, skilling, and infrastructure. The real test will be whether India can attract enterprise AI investment faster than its competitors, regardless of where oil prices settle.
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
