The price drop could not have come at a better time and will support steps to revive growth. Cheaper oil keeps macroeconomic parameters such as CAD (current account deficit) and inflation in the comfort zone by reducing crude import and subsidy bills. Low oil prices will help boost demand and reduce input cost for farmers who use diesel to run farm equipment.
from Times of India https://ift.tt/2NtMq8G
The price drop could not have come at a better time and will support steps to revive growth. Cheaper oil keeps macroeconomic parameters such as CAD (current account deficit) and inflation in the comfort zone by reducing crude import and subsidy bills. Low oil prices will help boost demand and reduce input cost for farmers who use diesel to run farm equipment. https://ift.tt/eA8V8J August 23, 2019 at 11:53PM https://ift.tt/2hJjhqE
Saturday, August 24, 2019
With govt's economy booster, oil is once again turning PM Modi’s friend
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