व्यापारIndia Faces Economic Crisis Amid Rising Oil Prices and Geopolitical Tensions
India is confronting a severe economic crisis triggered by rising crude oil prices due to geopolitical tensions, including the Iran conflict. The country imports 90% of its crude oil and spends about ₹12 lakh crore annually on oil imports. Prime Minister Modi urged citizens to save energy and avoid buying gold to reduce foreign exchange outflow. The crisis risks inflation, currency depreciation, and economic slowdown, similar to past global crises. India must focus on energy conservation and reducing foreign currency...
Prabhasakshi·


