Official data shows the economy expanding at well over a 7 percent annual clip, though the pace is slowing. But beneath these headline figures are significant troubles that are prompting money to leave India, applying pressure to families and businesses. Given that India imports more goods than it exports, the effects are potent. India imports more than 80 percent of its oil. Though the price of Brent crude oil — the global benchmark — has plummeted over the last two months, it has more than doubled since early 2016.

Source: New York Times December 20, 2018 09:56 UTC