India and Indonesia are Better Positioned to Survive Rising Oil Prices (CNBC)

Sammy Simnegar, a Portfolio Manager at Fidelity Investments, recently appeared on CNBC to explain why India and Indonesia are better positioned than their oil-importing peers to weather the rise in prices. In the interview, he pointed out the recent elections in India and also commented that Indonesia has begun tackling some of its structural and current account issues. However, Simnegar does not believe that Turkey has done enough to address its structural issues to help it withstand higher oil prices:


The video, These 2 countries will survive volatility in oil, is also available on the website of CNBC.

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