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INDIA
Opinion: Opinion | The Story Of How India Managed To Grow At 7.8% Even When Oil Was On Fire
Brent hit $120, the rupee sank, and Hormuz closed. Yet India's economy grew at 7.8%. How did an economy so exposed to imported oil pull this off?
GlobeSignal-AIlow certainty
- Why it matters
- The excerpt does not say what changed for Indians or their economy as a result. It poses a question about how growth occurred under adverse conditions, but offers no answer in the text supplied.
- Most affected
- Indian economic observers — The question of how 7.8% growth was achieved under oil stress remains unanswered.
- Likely next
- Whether the full article provides the mechanisms NDTV identifies for India's growth during the oil price spike.