There is some good news for Indian policymakers battling high energy prices, with the World Bank projecting a decline in energy prices by 11% in 2023 after surging by about 60% in 2022.
But the multilateral agency's latest commodity markets outlook report cautioned that despite the moderation, energy prices next year will still be 75% above their average over the past five years.
This story is from the October 27, 2022 edition of The Times of India.
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This story is from the October 27, 2022 edition of The Times of India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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