grow its economy by 9% a year through the decade. US crude oil futures reached a record US$90.07 last Friday, with analysts warning prices could exceed US$100 next year on supply uncertainties around the world.If oil crosses the triple-digit figure, economists fear hyperinflation could set in, hurting the country’s largely poor population as well as…
INDIA: Record high oil price could crimp economic growth
Posted on October 22, 2007 by EnergyAsia