Rising fuel prices further dent stressed sectors of India's economy

Central and state governments have hiked taxes on fuels, pushing retail fuel prices to record highs in most of the country.

The Baddi-Barotiwala-Nalagarh industrial hub in Himachal Pradesh, surrounded by a panoramic view of the Shivalik hills, is home to Asia's largest pharmaceutical manufacturing hub. It is serviced by a fleet of 13,000 trucks from small- and medium-sized transporters who have banded together to form the Nalagarh Truck Operators Union, Asia's largest truck union.

In the past, whenever the union ran into friction with industry, it held its ground. For instance, in July 2020, when the union increased freight rates in response to a hike in diesel prices, the industry expressed displeasure but gave in to the union's demand. On occasion,