India Fuel

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Why The Modi Govt Was Smart To Not Lower Fuel Prices

India couldn't have been in a better position than it is today, thanks to the crash in crude oil prices. The crash has helped the Indian economy at a time when countries like Russia, Taiwan and Brazil are facing recession while China's growth is at a 25-year low. It has helped the Indian government revive three things which are critically important to the economy -- inflation, interest rates and fiscal deficit.