Economic Times | Oil, Modi's best friend, can now turn his enemy as crude prices start rising Economic Times NEW DELHI: When Narendra Modi was sworn in as prime minister in late May 2014, the price of the Indian basket of crude oil was around $108 per barrel. Three years on, the same price stood around 56 per cent lower, at around $48 per barrel. The steep ... Crude at $60: Will high oil price hurt government's fiscal math? |