A Study on Impact of Crude Oil Price on Selected Oil Companies and Indian Economy
- Shanil Dudhiya, Student, Faculty of Management, GLS University, Ahmedabad
- Yasmeen Pathan , Assistant Professor, Faculty of Management, GLS University.
Abstract:
Today India facing so many problems regarding crude oil prices. Last some year in India crude oil price increase day by day, increase crude oil price than reduce GDP of India and its affect company’s profitability as well as stock price of the company. Last some year crude oil war between Saudi Arabia and Russia, that’s why crude oil price increase day by day, both country decrease their oil production so deficit in world market so price goes high. If crude oil price increase affect GDP of India, India import 60% crude oil price from gulf countries. In my all objective I found that crude oil price play major role, company’s stock price reduce because of increase in crude oil price. If India produce more crude oil than its benefit to India and Indian people and India’s GDP and WPI.
Keywords:
Crude Oil Price, Indian Economy