Posted by & filed under Part 1 Business in a Global Environment.

Description: India is one of the world’s biggest oil importers, so the slump is good news for its economy. The state has saved billions of dollars and cut its decades-old fuel subsidies.

Source: CNNMoney.com – video report

Date: Sep 03, 2015

Link: http://money.cnn.com/video/news/economy/2015/09/03/india-oil-economy.cnnmoney/

Questions for Discussions:

  • How will lower oil prices affect the Indian economy?
  • How will it affect government budgets?

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