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Climate Quote by Sanjaya Baru

“Any sustained rise in the price of oil will hit the Indian economy hard.” quote by Sanjaya Baru
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“Any sustained rise in the price of oil will hit the Indian economy hard.”

Sanjaya Baru

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.

Key Takeaway

Plan for energy price volatility.

Themes

economy oil market India

Mood

cautious serious

Type

analytical strategic

When to use this quote

  • budget planning
  • investment strategy
  • policy making

Key Concepts

macroeconomic risk energy policy

Questions to Reflect On

  • What alternatives reduce oil dependence?
  • How to protect vulnerable sectors?
A Different Perspective

Mitigation may be limited by global market forces.

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