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India imported 84% of its crude in the last fiscal year, and two of every three of those barrels was sourced from Iran.Every $10 increase in the price of a barrel of crude widens India’s current-account deficit by about 0.4% of GDP
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India imported 84% of its crude in the last fiscal year, and two of every three of those barrels was sourced from Iran.Every $10 increase in the price of a barrel of crude widens India’s current-account deficit by about 0.4% of GDP