“Sanjeev Prasad of Kotak Institutional Equities outlines a 'bad' scenario for India's macroeconomy in FY27, projecting a current account deficit of around 2% of GDP, a negative balance of payments of roughly $50 billion, and continued pressure on the rupee. This scenario is based on crude oil averaging $85 per barrel due to the West Asia crisis, with inflation settling in the 4.5-5% range and fiscal deficit carrying upside risk.”