Diesel demand in India has just hit its slowest growth rate in four years—and yeah, that’s not great news. Since diesel powers pretty much everything from trucks and buses to trains and factories, a dip like this usually means the economy’s not exactly firing on all cylinders.
So, what’s going on? Well, high fuel prices are definitely pinching wallets, infrastructure projects seem to be moving at a snail’s pace, and people just aren’t spending like they used to. Even the farming sector, which relies heavily on diesel, is feeling the heat thanks to unpredictable weather and falling incomes.
This slowdown couldn’t have come at a worse time, either. The government’s been pushing hard to kickstart growth and draw in investment, but now economists are worried this could spell trouble for jobs and GDP. Looks like some tough decisions on fuel pricing and policy might be on the horizon
