India's reliance on imported energy exposes it to geopolitical supply shocks. In this context, what is the most likely short-term impact of a major disruption in crude oil imports?
- A.Decrease in inflation
- B.Strengthening of the rupee
- C.Higher input costs and inflation pressure
- D.Increase in exports
Show answer
When crude supply is disrupted, oil prices rise, and almost every good in India becomes costlier to make and move.
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