Fuel costs are adding to Modi’s challenge of tackling a hurtling pace of growth that’s boosting ownership of vehicles and demand for oil ahead of US sanctions on Iran.
India’s August trade deficit is likely to remain at $17-$18 billion, while Fed reserve is set to raise rates again, both of which will weigh on the rupee.
Under Obama, Iran's crude and condensate exports fell by around 1.2 million barrels a day. Under Trump, it seems the decline will be bigger and faster.
In his speech, Modi spoke about energy, critical minerals, electronics, defence and fertilisers. That is a more strategic approach than Nehru’s across-the-board one.
As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.
New Delhi: India has handed over military equipment, medical supplies, trained dogs and horses to the Nepalese Army Monday, ahead of Prime Minister K.P....
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
Someone above commented that Modi cannot be blamed for international oil proce. He himself blamed Manmohan Singh precisely that during 2014 election. Beyond internal politics, India should not Cow down to US pressure tactics when it comes to Iranian oil. Strategically and economically, it doesn’t make sense. We will suck in oil from an already crowded market and international prices as a result can go only one way. Unfortunately, the current regime is incompetent to understand the nuances. Education does matter while running a country
The tide is ebbing and showing us how fully clothed – in Buffettspeak – we have been in the last few years, praising our macroeconomic management, fastest growing economy, etc etc. Whoever forms the government in 2019 should have a first rate economic team and a well thought out plan for economic revival and growth.
Someone above commented that Modi cannot be blamed for international oil proce. He himself blamed Manmohan Singh precisely that during 2014 election. Beyond internal politics, India should not Cow down to US pressure tactics when it comes to Iranian oil. Strategically and economically, it doesn’t make sense. We will suck in oil from an already crowded market and international prices as a result can go only one way. Unfortunately, the current regime is incompetent to understand the nuances. Education does matter while running a country
The tide is ebbing and showing us how fully clothed – in Buffettspeak – we have been in the last few years, praising our macroeconomic management, fastest growing economy, etc etc. Whoever forms the government in 2019 should have a first rate economic team and a well thought out plan for economic revival and growth.
What are you saying ?
Are oil prices are under Modi control? If not then your whole essay is a bunch of nonesense.
You are such an oversensitive IT cell coolie. Relax, nobody is criticising your precious employers.