Why Is India Resilient To Oil Volatility, Despite Overdependence On Imports? – Analysis

Pan-India outrage has spiraled with the soaring inflation and government’s inability to control it. Angers has been hurled against the government’s failure to seize the oil price hike and its impact on inflation.   

Inflation (measured by Consumer Price Index) increased by 6.34 percent in 2021-22 as compared to 5.01...