
Business
India's Economy Uses 41 Percent Less Oil for Every Dollar of GDP Than in 1991
India's crude oil import dependency has climbed past 88 percent, the highest on record. But the economy now burns 41 percent less oil per dollar of GDP than in 1991, which is why the 2026 oil shock is landing differently than the one that broke the balance of payments three decades ago.
By The Signal Editorial
July 9, 2026 · 7 min read
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Business
India's Credit Card Delinquency Rate Is Falling Because the Risk Moved Elsewhere
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Business
Russia's Share of India's Oil Imports Hit a Record as the Discount Vanished
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Technology
The Spam-Free Number Series India Built Is Now Full of Spam
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India's Gold Loan Boom Grew Slower Than the Price of the Gold Behind It
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Geopolitics
How Close Must India's Submarines Sail to Strike
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Business & Markets

Business
India's Economy Uses 41 Percent Less Oil for Every Dollar of GDP Than in 1991
India's crude oil import dependency has climbed past 88 percent, the highest on record. But the economy now burns 41 percent less oil per dollar of GDP than in 1991, which is why the 2026 oil shock is landing differently than the one that broke the balance of payments three decades ago.
July 9, 2026

Business
India's Credit Card Delinquency Rate Is Falling Because the Risk Moved Elsewhere
Credit card delinquency, the number everyone watches for consumer stress, keeps improving. That is because the riskiest borrowers can no longer get a card at all, so they get a personal loan instead, and the loan book is absorbing the strain the card book used to show.
July 9, 2026

Business
Russia's Share of India's Oil Imports Hit a Record as the Discount Vanished
Russia's share of India's crude imports broke 50 percent in June, a record, just as the price discount that first justified the switch narrowed to almost nothing. A war that shut the Strait of Hormuz explains why.
July 9, 2026
Technology & Science

Technology
The Spam-Free Number Series India Built Is Now Full of Spam
TRAI reserved the 1600 number series for government and BFSI callers and legally barred apps like Truecaller from flagging it as spam. Truecaller's own data says spam moved in anyway, and by law, nobody can tag it.
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Technology
Samsung's Chip Profit Windfall Is Coming Out of Its Own Phone Business
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Technology
Anyone Within Fifteen Metres Can Turn Off a Delhi E-Rickshaw
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Health, Culture & Geopolitics

Health
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Health
A 40-50 Billion Rupee Industry Warning Kept Thiram Legal in India
India drafted a 2020 order restricting the fungicide Thiram. An industry warning about a market worth 40-50 billion rupees made sure the draft never became a rule.
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Health
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