Transport and businesses across India were severely disrupted on Monday by a dawn-to-dusk strike called by opposition parties to protest against the government’s decision to raise fuel prices, the FT reported. The government has insisted that it will stand firm, saying India can no longer afford the huge cost of keeping domestic fuel prices below world market levels.

This entry was posted by Stacy-Marie Ishmael on Monday, July 5th, 2010 at 21:17 and is featured in The Closer (5 Jul 2010) . Tagged with emerging markets, india, inflation, oil. Edit this entry.