News18 | India Facing 'Economic Crisis' Due to Huge Oil Imports, Says Nitin Gadkari News18 The partially convertible rupee has lost about 13 percent against the dollar since the beginning of the year, adding to the nation's oil import bill at a time when crude is hovering at around $85 a barrel. India facing "economic crisis" due to huge oil imports: Transport minister Nitin Gadkari Blames Huge Oil Imports For "Economic Crisis": Report |