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: – video report

Date: Sep 03, 2015


Questions for Discussions:

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

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