Oil Prices Fall But India’s Economy Faces A Bigger Risk | 29 Jul 2026 | Govindraj Ethiraj | The Core Report

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Oil Price Volatility & Geo-Risk: Brent crude eased to ~$86.50/bbl (1-week lows) following a pause in US air strikes against Iran and hints of negotiations, though risk of a prolonged "forever war" continues to cloud global macro stability [00:01:00].
  • Indian Macro Squeeze: India's GDP growth forecast for FY27 is trimmed to 6.6% (vs. 7.7% in FY26) due to sluggish private capex, elevated energy import dependencies, and measurement distortions [].