Why India’s response to the PM’s call for conservation seems just as K-shaped as its economy
This, after a long stretch of subdued oil prices. As Systematix Group points out in a recent analysis, “Crude prices remained benign for most of the past decade, which should have supported the economy and productivity… Even after the recent rebound, the average crude price in real rupee terms since 2014 is 30% lower over the preceding 12 years.”
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