Global Oil Price Dip Good Opportunity for India: Birla Sun Life
A Balasubramanian, CEO of Birla Sun Life AMC, says that the reduction in global oil prices from $115 per barrel levels at the time of the budget 2014-15 announcement to $84 levels is a positive for India. Oil is the biggest component of the country's import bill. India's average economic growth is expected to recover to around 6.5 per cent this fiscal year, he adds.
