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India resorts to oil diplomacy
India is beginning to institutionalise oil diplomacy. In order to counter the towering presence of China National Petroleum Corporation and Japan National Petroleum Corporation, it has decided to use the expertise of the ministry of external affairs.
November 1, 2004
India: Oil crisis looming large
Despite RBI Governor Dr Y.V. Reddy putting on a brave front on Tuesday saying that the Indian economy is resilient enough to absorb the oil shock, it is now clear that the ogre of petro inflation will adversely impact India’s growth prospects.
October 27, 2004
