CRUDE OIL PRICE BEHAVIOUR AND ITS IMPACT ON INDIAN ECONOMY: A STUDY

Authors

  • Sanjay Dawn Research Scholar, Department of Commerce, University of Kalyani, Nadia, West Bengal
  • Dr. Subhas Chandra Sarkar Professor, Department of Commerce, University of Kalyani, Nadia, West Bengal

Keywords:

Indian Economy, Crude Oil Price, Wholesale Price Index (WIP), Index of Industrial Production (IIP)

Abstract

Crude oil price play a significant role on the economy of any nation as it determine price among all the
commodities and services. Increasing oil prices not only influence products and services, it also influence the overall
society. The present study is analytical in nature and completely based on secondary data. In this paper, an attempt has
been made to study the crude oil price behaviour and impact of crude oil price on the Indian economy by considering the
main short-term macroeconomic indicators, i.e. Wholesale Price Index (WIP) and Index of Industrial Production (IIP) as
the relevant variables.

Downloads

Published

2018-08-25

How to Cite

Sanjay Dawn, & Dr. Subhas Chandra Sarkar. (2018). CRUDE OIL PRICE BEHAVIOUR AND ITS IMPACT ON INDIAN ECONOMY: A STUDY. International Journal of Advance Engineering and Research Development (IJAERD), 5(8), 174–178. Retrieved from https://www.ijaerd.org/index.php/IJAERD/article/view/3813

Issue

Vol. 5 No. 8 (2018): Volume 5 Issue 8 August 2018

Section

Articles