High energy prices restrain post-Covid-19 recovery in India

Workers at a coal field in India’s Jharkhand state. Over 50 per cent of India’s installed power capacity is in coal-based power plants. PHOTO: AFP
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NEW DELHI/BANGALORE - The path for India's post-pandemic economic recovery has become more arduous as it navigates strong headwinds brought on by a surge in global crude oil rates.

Fuel prices in the country hit an all-time high on Thursday, pushing up inflation rates and adding greater stress to household budgets.

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