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Hormuz crisis adds $22 bn to India's fossil fuel import costs: CREA

Hormuz crisis adds $22 bn to India's fossil fuel import costs: CREA
Source: Business Standard

In terms of economic impact, India's net additional cost across all fossil fuels was estimated at $14.4 billion, equivalent to 0.38 per cent of its GDP, or about 1.4 days of national income

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