Rajat Sharma

Fall in crude oil prices

Currently the crude oil prices have fallen to a five year low in the international market. The oil imported by India costs around USD 47 per barrel. This has impacted us. A large portion of our import budget is for crude oil. That is why fall in rates will impact our economy. And at this time the whole world’s economy has gone for a toss because of China. India can be empowered because of this.

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