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8) It is expected that if recommendation of a key report on oil sector reforms by a panel under former Finance Secretary Vijay Kelkar, are implemented, these could bring down the country’s annual $150-billion oil import bill by at least $40 billion. Examine how.

TopicEffects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. 

8) It is expected that if recommendation of a key report on oil sector reforms by a panel under former Finance Secretary Vijay Kelkar, are implemented, these could bring down the country’s annual $150-billion oil import bill by at least $40 billion. Examine how. (200 Words)

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