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The Economic Times
The Economic Times
National

Fuel imports keep India's economy under pressure despite gold duty curbs: Kotak Securities official

Kotak Securities India Oil Economy Gold Deficit

Mumbai: India's economy continues to face mounting pressure from elevated crude oil prices amid a prolonged geopolitical crisis and disruptions in global shipping routes, with experts warning that recent government measures may offer only limited relief.

The unresolved three-month conflict has pushed international crude oil prices close to the USD 100-120 per barrel range, sharply increasing India's import burden and widening concerns over the Current Account Deficit (CAD).

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