India may face $7–8 billion higher monthly import bill as crude surges

The Times of India - March 9, 2026

India may face $7–8 billion higher monthly import bill as crude surges

As international energy prices skyrocket, India's economy finds itself grappling with a daunting hurdle. Experts foresee a staggering outflow of USD 7-8 billion in foreign currency each month. The escalation in crude oil and natural gas costs not only stirs w…

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