Author name: Shreya Devarajan

Shreya Devarajan, a Young India Fellow at Ashoka University, is pursuing an internship under "TheRise Internship Programme" (TRIP).

FLUCTUATING PETROLEUM PRICES IMPACT ECONOMY
Economy, SPOTLIGHT

The Great Indian Economy: Ravaged by COVID-19, Ruined by Petroleum Prices and Policies:

The economy has suffered immensely due to the price rise in essential oil and fuel. The economic slowdown put the economy under downward pressure leading to cutting down on the consumption of essential commodities. The policy needs to be more resilient to curb the ravages of unprecedented events. Let us see how the fluctuating petroleum prices are impacting the economy.

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