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Are global oil prices the culprit for
India’s burgeoning trade deficit?*
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Jan 1st, 2019, C.P. Chandrasekhar and Jayati Ghosh
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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 on
January 1, 2019.
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