Petrochemicals The Biggest Hidden Threat To India’s Growth Story? #shorts #businessnews #etnow

追加: 2026-05-27

[00:00:00]How's it that you would describe in one word India's macro moment right now?

[00:00:05]Markets are diverging from macros. Very diplomatic answer, >> [laughter] >> but yes, we got the point. RBI's next move, cut, hold, or surprise?

[00:00:17]Neither cut nor hold, it's a hike.

[00:00:19]It's just the timing of this could be debatable.

[00:00:23]We think it's slightly more delayed, but yeah, I mean, cut cut looks very difficult now. So, hold for now. Hold for now and then hike. Mhm. Single biggest risk to India's growth story in the next 12 months.

[00:00:39]Well, how we absorb the energy shock. Mhm.

[00:00:44]That's something that we have to see.

[00:00:46]That is the top of mind, but the area where as an economist I struggle >> [music] >> is to understand this petrochemical supply chain issue. It's too complicated, but this is the unique part of this [music] crisis. We've seen oil price shocks in the past, so we have some idea how the economy responds to it, but this is something that we haven't seen in the [music] past. And just for understanding, chemicals and petrochemicals are 7% of India's GDP and 27% of that is imported.

[00:01:16]It's a big sector.

[00:01:18]And that that is probably the kind of dark horse type of thing if you want to call it, which is difficult to predict.

[00:01:27]>> [music]