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How Lower Crude Oil Prices Affect India Inc.
Here’s how a fall in oil prices affect Indian producers and companies that use crude or crude products as raw material…
06 Feb 2020, 02:55 PM IST
As the Modi government struggles with a shortfall in tax revenue in a slowing economy, it received an unexpected boost: an oil price plunge.Brent crude, the Asian benchmark, has tumbled more than 17 percent so far in 2020 in the worst start to a year since 1991, according to Bloomberg data. That came after the novel coronavirus outbreak in China that has so far claimed nearly 500 lives in the world’s biggest importer and infected ten...
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