Climate Quote by Sanjaya Baru
“Any sustained rise in the price of oil will hit the Indian economy hard.”
About This Quote
Source Report: Indian Economic Outlook, 2020
Rising oil prices will severely impact India’s economy.
In simple terms: Oil price hikes hurt India.
Plan for energy price volatility.
Themes
Mood
Type
When to use this quote
- budget planning
- investment strategy
- policy making
Key Concepts
Questions to Reflect On
- What alternatives reduce oil dependence?
- How to protect vulnerable sectors?
Mitigation may be limited by global market forces.