Goldman Sachs says oil prices could fall to $80 a barrel by 2027, thanks to fewer geopolitical tensions after the US midterm elections.
This is expected to ease economic stress across Asia, especially for India, where high oil costs have been a big worry.
Goldman Sachs sees India GDP 7%+
Goldman Sachs also predicts India's GDP will grow over 7% soon, partly because global investors are looking beyond just AI-heavy markets.
Lower energy costs could help keep inflation in check and support the rupee, which Goldman Sachs expects to trade in a range of 95 to 97 against the US dollar next year.