Indian economy benefited from "favourable external environment" in 2019: DBS

According to Singapore's DBS Banking Group, notwithstanding a challenging trade outlook, conducive global drivers, such as flush of liquidity owing to low interest rates and stable oil prices, provided a favourable external environment. The report noted that brent prices have averaged USD 65 per barrel year-to-date in FY20 as against USD 70 per barrel a year before.

from Economy-News-Economic Times https://ift.tt/2ZQxGou