Are global oil prices the culprit for India’s burgeoning trade deficit?*

Jan 1st, 2019, C.P. Chandrasekhar and Jayati Ghosh

It is generally assumed that India’s trade deficit is determined by the state of global oil prices and their impact on the oil import bill. Is that really the case?

* This article was originally published in The Businesss Line o
n January 1, 2019.

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