The Oil Shock Is Weakening India's Economy and Finances

The Oil Shock Is Weakening India's Economy and Finances By Tsvetana Paraskova of OilPrice.com India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as supply is choked at the Strait of Hormuz. More than three months after the Iran war began, investment banks, brokerages, rating agencies, and even...

By Tyler Durden