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Why would countries like india be …

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Why would countries like india be affected if the price of crued oil increases?
  • 1 answers

? ? 6 years, 11 months ago

Oil price increases r generally thought to increase the inflation and reduce economic growth. In term of inflation, increase in oil prices will directly increase the price of goods made by petroleum products. Increase in oil prices will indirectly effect the costs of manufacturing and transportation.
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