The media seems to have not given adequate attention to an important figure cited by CEA V Anantha Nageswaran. India's basket of imported crude is now priced at $114-115. The CEA mentioned this figure at an SBI Conclave last week. He said this amounted to a rise of over 30 per cent from the price of $85-90 in June-July.
The price of Brent crude is today $104. But tha...