💨 Abstract

The article discusses the potential savings of up to Rs 60,000 crore on crude imports this fiscal year due to the softening of crude prices in the international market. Experts predict that if crude prices stabilize around USD 70 to USD 75 per barrel, India will save substantially on crude imports. This could lead to an appreciation of the Indian Rupee, reduction in inflation, and creation of fiscal space for critical investments.

Courtesy: theprint.in