India Shields Consumers From Oil Shock As Gita Gopinath Urges Targeted Support

India’s government has cushioned households and businesses from the full brunt of the West Asia oil shock by limiting fuel price hikes, effectively creating an implicit subsidy.Gita Gopinath, former IMF Deputy Managing Director, has praised this shield but urged a shift toward targeted support for vulnerable groups as oil prices remain elevated and growth risks intensify.The government’s decision
India’s government has cushioned households and businesses from the full brunt of the West Asia oil shock by limiting fuel price hikes, effectively creating an implicit subsidy.Gita Gopinath, former IMF Deputy Managing Director, has praised this shield but urged a shift toward targeted support for vulnerable groups as oil prices remain elevated and growth risks intensify.The government’s decision
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