Rising Oil Prices Could Derail India's Economic Comeback
India’s struggle of economic comeback seems to be hit hard through the ongoing Iraq crisis that has led to the consistent rise in the prices of crude oil at the international level. Important to note that the prices of crude oil, which were in the healthy range of $104-$105/barrel has surged to $115/barrel amid Iraq crisis that has hit the global oil supply in the world. However, India, which is the major importer of oil from Iraq seems to be hit hard with multiple effects on its economy and economist are even questioning if the new prime ...