A Warning From 1991: Is India's Next Big Shock Hiding In Its Oil Bill?
What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks. A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.
What has economists invoking 1991 is not just expensive oil, but a dangerous convergence of risks. A swelling import bill is colliding with the possibility that capital inflows, long a cushion, could turn into outflows.
