Wall Street Journal | The one thing that can shatter India's dream of double-digit growth: rising oil prices Quartz In 2015 alone, when oil prices hit an 11-month low of $37.34 a barrel, India saved an estimated Rs2 lakh crore ($29.6 billion) on imports. Savings from falling crude have helped Asia's third largest economy channel the surplus towards other key areas. $50 Oil Is a Pain at the Pump in Asia |