Every $10 rise in oil prices can add $14 bn to India's import bill: Kant

Former NITI Aayog CEO Amitabh Kant reacted to the disruption in oil supply due to the ongoing war in West Asia. "Every $10 per barrel rise in crude prices can add $13–$14 billion to India's annual import bill, widen the current account deficit and pressure the rupee," Kant said. "India’s next step…is delivering reliable clean power at home," he added.