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The Economic Times

Economy / The Economic Times

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Petroleum dependence significant across core sectors, official data shows

As oil prices climb, significant Indian industries brace for impact. Transportation, farming, and power generation are especially reliant on petroleum, making them prime targets for economic instability with the unrest in the Middle East. Furthermore, mining and iron ore sectors also show marked susceptibility as recent data unveils these stark vulnerabilities in the economy.

16 May 2026 12:47 am