India is facing an “economic crisis” due to its huge oil imports, Transport Minister Nitin Gadkari was quoted as saying on Thursday, ahead of a meeting of key ministers to discuss the falling rupee and the nation’s widening trade deficit.
India, the world’s third biggest oil importer, depends on overseas markets to meet 80 per cent of its oil needs.
Latest posts by NDTV (see all)
- PM Modi Flags Off Vande Bharat Express, India’s Fastest Train: 10 Points - February 15, 2019
- Western Railway To Celebrate Indian Railways’ Heritage. Here’s How - February 9, 2019
- Electricity For All, Mega Push For Education As PM Modi Visits J&K Today - February 3, 2019