'Rising Oil Prices Could Reduce India’s GDP Substantially': Pronab Sen

Name: Rising Oil Prices Could Reduce India’s GDP Substantially: Pronab Sen - The Wire
Uploaded: 2026-05-05T11:38:09+05:30
Channel: The Wire
Description: Sen said he was particularly worried about India’s exports to the Gulf region which have been blocked by the closure of the Strait of Hormuz.

Sen said he was particularly worried about India’s exports to the Gulf region which have been blocked by the closure of the Strait of Hormuz.

Karan Thapar

Sen said he was particularly worried about India’s exports to the Gulf region which have been blocked by the closure of the Strait of Hormuz.

In an interview to discuss the impact of rising oil prices – which recently touched $126 per barrel – on both the world economy and India’s economy, former Chief Statistician Pronab Sen said that rising oil prices could reduce India’s expected GDP growth by up to 2.5%. “We should be mentally prepared to face somewhere between 2-2.5 percentage points of decline in our expected growth.” Sen agreed that this was a fairly substantial fall.

Watch the full interview.

This article went live on May fifth, two thousand twenty six, at thirty-eight minutes past eleven in the morning.

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