Who controls the petrol prices in India? To understand this in detail, first, we should try to scrutinize the Indian Oil Pricing System. India imports a large amount of crude oil. We process this crude oil in our domestic refineries to generate petroleum products. A large share of our petrol comes via this process. In […]
Category: Economy
Part 1 – Will India see drop in petrol and diesel prices? | Impact of WTI Oil Crash
Have you ever wondered who controls petrol prices in India? If yes, then you are in the right place. Petrol and diesel have become an essential part of modern living. There’s not a single day for us that goes without worrying about skyrocketing petrol prices. Now, suddenly, the arrival of this news on negative oil […]
Economic Stimulus 2.0: The Challenge Ahead of Indian Policymakers
It has been a highly debated topic recently in a country of 1.3 billion people when the Ministry of Finance announced a relief package 1.0 to drive the Indian economy through COVID-19 pandemic. Lots of speculations and questions raised after an announcement of one of the most expensive fiscal packages announced by GOI after independence. […]
COVID-19 and Indian Economy
What is GDP? Why should we worry about it? GDP, Gross Domestic Product, is an indicator of a nation’s economic condition. GDP is the total value of all goods and services produced in an economy in a certain period. Now, many of us have heard this definition many times, but we do not have any […]
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