Analysis: India's ailing economy may have little room to absorb higher oil prices
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Article by:
Sambit Mohanty, Platts
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Date Published:
January 07, 2020
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Who was cited:
Senthil Kumaran, Consultant FGE
The dramatic escalation of Middle East tensions and the risk of higher oil prices will likely prevent a quick recovery in India's oil products appetite, which is already at multiyear lows, as well as add to its fiscal pains at a time when the economy is witnessing feeble economic growth.
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