major oil shock was imminent

Given the OPEC decision to cut production of oil and subsequent sanctions on Russia from December 5, 2022 by USA and EU, another major oil shock was imminent. India could successfully outsmart the oil crisis shifting to oil imports from Russia. For the first time India became resilient to oil driven global inflation. CPI (Consumer Price Index) hovers around 6.6 percent increase in 2022-23, which was much lower than global inflation of 8.8 percent. It fell further to 4.36 percent in 2024-25 In summing up, India could withstand the global shock of Russia-Ukraine war by virtue of its strong economic fundamentals and political manoeuvring in the global power game, reposing confidence in neutralizing the war effect. ดูหนังออนไลน์