Policy dilemma: ‘We need to think hard’ on whether Russian oil imports are worth it; Nobel laureate Abhijit Banerjee links issue to US tariff removal
India’s energy strategy has once again come into the spotlight after Nobel Prize-winning economist Abhijit Banerjee urged policymakers to reconsider the long-term viability of importing discounted Russian oil. Speaking at a recent economic policy forum, Banerjee suggested that the benefits of cheap crude should be weighed against potential geopolitical and trade repercussions, particularly in light…
