Higher Oil Prices Are Bad News For India

Higher Oil Prices Are Bad News For India

One of the world’s largest crude oil importers, India, has benefited from low oil prices for the better part of the past three years, enjoying a lower import bill and improving its trade balance and current accounts.

Union Budget Plays The Waiting Game With Crude Oil

Union Budget Plays The Waiting Game With Crude Oil

he weeks leading up to the tabling of the Union Budget were rife with speculation as to how the government would deal with the prospect of rising global crude oil prices. Would it seek to keep inflation under control in an electorally significant year, increasing subsidies or cutting taxes, thereby reducing its already constrained spending room?

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