 "Oil")
The familiar wail and anxiety over oil is back again. For a nation that is fixated on growth and cheers every basis point boost to the GDP, we have done little all these decades to reduce our dependence on crude imports. It stays adamant at 80 per cent. We struggle to balance our Budget as crude rules high, much as oil export economies feel similar trauma when prices are low. Our current dilemma over oil is hence not new to trouble us, cyclically.
That said, for four-plus decades now, the global economy has been linked to the state of oil demand
