Global crude oil prices are rising. This may impact the profits of several companies. Sectors like refining, paints, and aviation could face challenges. Oil producers and electric vehicle companies might benefit. India imports most of its crude oil. Sustained high prices could cause inflation. The government’s policies will play a crucial role in determining the overall impact on the economy.
Why Saurabh Mukherjea has moved half his personal portfolio out of India
Saurabh Mukherjea, founder of Marcellus Investment Managers, has shifted his personal portfolio to a 50-50 split between Indian and global investments, reflecting a strategic pivot.