3 reasons why GOI should pass on the savings on Crude to the consumers

What is preventing India from passing on the benefits of a lower crude price to its consumers?

In an article I wrote for the Sunday Guardian, I had described how two developing countries Sri Lanka and Turkey reaped the economic benefits of passing on the cost savings of a lower crude price to its consumers. The time period was in the early 2000s. In this discussion on #Petronomics, Prof. R Vaidyanathan discusses how a lower cost at the pump will benefit all.

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