Thread by @Trinhnomics

Whenever I hear a headline about oil dropping 50% etc, I'm thinking, man, the INR must be loving this move downward.

🇮🇳💪🏼🔥

If u are a doom & gloomy person on global trade & oil, India is the best b/c it got ZERO of GDP exposure to China via exports & is DOMESTIC DEMAND driven & imports oil

Current account deficit countries > surplus CA if u're bearish trade + global cuz domestic demand becomes 👑💪🏼

Here is a chart to show exposure to China via direct exports - INDIA LOWEST; Indonesia is low too; & so is the Philippines.

Yes, Indo got commodity exposure but the commodity market has been in the slump so got a low base.

Hence, India is best of the 3 CA deficit to hide. 🇮🇳👏🏼

Oil is a MAJOR drag for India in terms of trade deficit & sooooooooooooooooo the decline of oil is a major BOOST for Indiaaaaaaaaaa 🇮🇳💪🏼

Look at this chart --- India may have 99 problems but LOW OIL aren't one (also low global trade).

And yes, that's me trying to turn economics into Jay-Z rap - I got made rhyme skillzzz

India 🇮🇳:

I gotta 99 problems but low oil ain't one
Take that!!!

(Music playing after I intensely say take that!!!!)

🤓

99 Problems:

If you're having GROWTH problems I feel bad for u son
I got 99 problems but LOW OIL ain't one
I got the rap patrol on the gat patrol
Foes that want ta make sure my casket's closed
Rap critics that say he's "Money Cash FOES"
I'm from INDIA🇮🇳 Hit me!

😎💤🕴🏼