CRUDE OIL PRICE BEHAVIOUR AND ITS IMPACT ON INDIAN ECONOMY: A STUDY
| Author(s) | : | Sanjay Dawn, Dr. Subhas Chandra Sarkar |
| Institution | : | Research Scholar, Department of Commerce, University of Kalyani, Nadia, West Bengal |
| Published In | : | Vol. 5, Issue 8 — August 2018 |
| Page No. | : | 174-178 |
| Domain | : | Engineering |
| Type | : | Research Paper |
| ISSN (Online) | : | 2348-4470 |
| ISSN (Print) | : | 2348-6406 |
Crude oil price play a significant role on the economy of any nation as it determine price among all thecommodities and services. Increasing oil prices not only influence products and services, it also influence the overallsociety. The present study is analytical in nature and completely based on secondary data. In this paper, an attempt hasbeen made to study the crude oil price behaviour and impact of crude oil price on the Indian economy by considering themain short-term macroeconomic indicators, i.e. Wholesale Price Index (WIP) and Index of Industrial Production (IIP) asthe relevant variables.
Sanjay Dawn, Dr. Subhas Chandra Sarkar, “CRUDE OIL PRICE BEHAVIOUR AND ITS IMPACT ON INDIAN ECONOMY: A STUDY”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 5, Issue 8, pp. 174-178, August 2018.
