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Free thinking for the world 🌍 We're an independent media organisation covering world affairs and ideas.
Every single time that India has had to endure oil over $100, it’s led to enormous chaos. In the 1970s after the OPEC oil crash, we had a period of essentially authoritarian rule and enormous amounts of political unrest in the late eighties and early nineties when Iraq invaded Kuwait. India went bankrupt and essentially had to go to the IMF and eventually launched an entire giant package of structured reform.
https://www.opendemocracy.net/en/iran-trump-israel-oil-iran-india/