Is a low Brent crude oil price good for India?

While it will help the macro economy, it will also have other implications, not necessarily as beneficial, say analysts

PLUSES & MINUSES

• Lower prices conducive for improvement in macro economic fundamentals
• Poses risk for financial markets, as there could be frequent reports of corporate and sovereign defaults which will keep markets volatile
• Several companies in the business of crude oil derivatives sitting on high-cost inventories
• Investors should keep only long-term perspective and buy selectively