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Opinion Rising crude oil prices bound to further hit India’s economic growth prospects this year Within a year of being sworn in, PM Modi had said India must aim to reduce its dependence on oil imports by 50 per cent over a 15 year period. But govt has failed to formulate such a programme Representational image Published: 19 Apr 2021, 10:00 PM Engagement: 0 After the new wave of the coronavirus, in comes the oil shock to India’s fragile economy. Going by government estimates, India’s GDP had shrunk by eight percent in 2020-21 as against a four percent growth in...
