#mehangai news - After 3-year lull, rising crude oil prices now a headache for Modi government amid fiscal concerns

Financial ExpressAfter 3-year lull, rising crude oil prices now a headache for Modi government amid fiscal concernsFinancial ExpressAccording to Nomura, every $10 per barrel rise in the price will worsen India's fiscal balance by 0.1% and current account balance by 0.4 % of GDP. “For a net oil importer like India, a sustained rise in crude oil price would have adverse macroeconomic ...and more »

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