Crude prices to average at $83-88 in FY25, may increase govt fiscal burden: CRISIL

Crisil reports average crude oil prices are expected to rise to $83-$88 per barrel in fiscal 2025 from $83 in the previous year. This increase may strain India’s fiscal budget, given its reliance on crude imports. The report also projects India's real GDP growth at 6.8% for FY 2024-25 and anticipates a softened consumer price inflation at 4.5%. Despite challenges, a positive rural economic outlook is forecasted, buoyed by an expected above-normal monsoon.