With govt's economy booster, oil is once again turning PM Modi’s friend
With govt's economy booster, oil is once again turning PM Modi’s friend
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 from Times of India https://ift.tt/2NtMq8G
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August 24, 2019 at 06:33AM
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 from Times of India https://ift.tt/2NtMq8G
via Blogger https://ift.tt/2Z9KPvA
August 24, 2019 at 06:33AM
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