Oil price rollback will hurt India badly: Basu

Karan Thapar, CNN-IBN | May 26, 2012 at 08:10pm


Amid raging protests by parties cutting across the political spectrum for a partial rollback on the petrol price hike, Chief Economic Advisor Kaushik Basu has said that a rollback of any kind will hurt India's fiscal deficit target badly, leading to price increase in general.

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