| The slump in global commodity prices, especially for energy, is proving a boon to India. The country’s economy is one of the world’s most sensitive to energy prices because India is a heavy importer of fuel. Growth in Indian gross domestic product has sagged in recent years, crippled by the soaring cost of oil and gas on international markets.
The recent slump in prices means consumers are spending less on imported fuel and more on other items produced domestically. The government’s finances have benefited as well...............................................Full Article: Source
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