New Delhi, June 18 -- India's economy could face growing headwinds this fiscal as persistently high crude oil and natural gas prices ripple through industries, raising production costs and squeezing corporate margins.
A new analysis by Crisil suggests that the impact of the ongoing energy shock is likely to extend far beyond fuel-intensive sectors, affecting a wide range of industries and potentially slowing economic growth.
The rise in global energy prices, triggered by geopolitical tensions in West Asia and disruptions in energy supply chains, has already begun exerting pressure on businesses. While crude prices have eased from recent highs, they remain elevated compared with last fiscal's average levels, keeping concerns alive over the...