THE GAPING HOLE IN INDIA’S MACRO BALANCE SHEET

Periods of commodity price shocks sharply coincide with moments of intense economic stress, which in turn have sometimes led to political upheavals

High commodity prices cut domestic purchasing power while low commodity prices add to it

BN Y R IRANJAN A J A D H YA K S H A feedback@livemint.com
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It is no secret that the Indian economy is hostage to the gyrations in the global commodity markets. Rising commodity prices create stress. Inflation goes up. The trade gap widens. The rupee comes under pressure. Falling commodity prices bring relief...

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