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IMPLICATIONS OF YEMEN CRISIS ON INDIAN ECONOMY

Posted on 15 Apr 2015

India which is currently the fourth largest oil consumer in the world also faces sharp increase in its import bill as oil prices rose as much as six per cent the biggest daily gain in a month amid fears that escalation of the Middle East tension could disrupt world crude supplies from the oil-rich region. Saudi Arabia s bombing of Shiite rebels in Yemen came after an appeal from Yemen s President Abdurabuh Mansur Hadi. Together the ten nations pump in about 21 million barrels of oil per day acc...

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