http://in.reuters.com/article/2014/06/18/india-budget-iraq-idINKBN0ET0IY20140618
- Future expected oil prices:120 $/barrel
- Potentially driving a hole of at least 200 billion rupees in budget
- Significant impact on the fiscal deficit and economic growth
- For every $ that oil prices rise, the government incurs annual costs of 70-75 billion rupees (around $1.2 billion)
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