‘Petrol Prices Should Be Allowed To Rise’: Economist Arvind Panagariya On PM Modi’s Forex Appeal
New Delhi: “Petrol prices should be allowed to rise”. This was top economist and Finance Commission of India Chairperson Dr Arvind Panagariya’s prime advice to the central government as he backed using the “price instrument” to offset the cascading effects of rising oil prices because of the US-Iran war-induced blockade of the Strait of Hormuz,…