Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues, says economist Santosh Mehrotra

New Delhi [India], May 16 (ANI): With no sign of the US-Iran war ending and global oil prices likely to reach record highs within a quarter, Santosh Mehrotra, former Economic Advisor to the United Nations, warned that India's current account deficit could widen by 0. 3 per cent of GDP for every USD 10 rise in oil prices.