Скачать или смотреть #43. Crude Oil Price Rise and Impact on Indian Economy | Economy Current affairs | UPSC Prelims 2022

The rise in crude oil prices is likely to make the situation worse for the Indian Economy as well. Every $10 increment leads to an increase of about $10 billion in current account deficit. Rising oil prices also reduce the GDP by about 0.5% for every $10 increase.
This also features as an important topic for upcoming UPSC PRELIMS 2022.



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