“Anurag Singh believes that global and Indian equity markets have weathered the worst of the geopolitical storm, with the effective bottom reached once it was clear the US wouldn't commit ground troops, leading to market recovery. However, he cautions that the real test for sustained economic relief for both the US and India lies in crude oil prices falling and sustaining below the critical $80 per barrel mark, as anything above this level poses significant economic challenges, risks stagflation, and complicates the RBI's rate-cutting path.”