{"id":1081,"date":"2016-03-29T12:47:24","date_gmt":"2016-03-29T07:17:24","guid":{"rendered":"http:\/\/yourcareerheights.com\/?p=1081"},"modified":"2016-03-29T12:50:14","modified_gmt":"2016-03-29T07:20:14","slug":"crude-oil-impact-of-fall-in-prices-in-indian-economy-falling-prices-impact-favourable-or-adverse","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=1081","title":{"rendered":"Crude Oil &#8211; Impact of Fall in prices in Indian Economy \u2013 Falling Prices impact Favourable OR Adverse"},"content":{"rendered":"<div id=\"pl-1081\"  class=\"panel-layout\" ><div id=\"pg-1081-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1081-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1081-0-0-0\" class=\"so-panel widget widget_black-studio-tinymce widget_black_studio_tinymce panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-1081-0-0-0\" ><h3 class=\"widget-title\">Crude Oil &#8211; Impact of Fall in prices in Indian Economy \u2013 Falling Prices impact Favourable OR Adverse<\/h3><div class=\"textwidget\"><p>Much of the economy depends on oil. This is why prices of oil matter to almost every economy. Global crude oil prices are down nearly by 60% this year to $40 per barrel-levels from $110 \/ barrel at the start of the year. This has caused a crisis in countries like Russia, which depends on oil exports.<\/p>\n<p><strong>India is the IVth largest country to import crude oil. Around 35 lakh Barrels per day consumption is estimated for India. <\/strong><em>India\u2019s growth story hovers around the import of oil as India imports 80% of its crude requirements. Any negative change in the crude oil price has an immediate positive impact on the increment in the GDP and IIP. A one-dollar fall in the price of oil saves the country about 40 billion rupees.<\/em> Oil is one of the most important commodities in recent times.<\/p>\n<h3>Pl. click on the following link for more :<a href=\"http:\/\/rakeshkhareblogs.blogspot.in\/2016\/03\/crude-oil-impact-of-fall-in-prices-in.html\">http:\/\/rakeshkhareblogs.blogspot.in\/2016\/03\/crude-oil-impact-of-fall-in-prices-in.html<\/a><\/h3>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Much of the economy depends on oil. This is why prices of oil matter to almost every economy. Global crude oil prices are down nearly by 60% this year to $40 per barrel-levels from $110 \/ barrel at the start of the year. This has caused a crisis in countries like Russia, which depends on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38,10,37,32,45],"tags":[3,35,11,33,40],"class_list":["post-1081","post","type-post","status-publish","format-aside","has-post-thumbnail","hentry","category-banking","category-economy","category-finance","category-ibps","category-rbi","tag-banking","tag-economy","tag-finance","tag-ibps","tag-rbi","post_format-post-format-aside"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2016\/03\/crudeoil1.jpg?fit=600%2C519&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1081"}],"version-history":[{"count":2,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1081\/revisions"}],"predecessor-version":[{"id":1087,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1081\/revisions\/1087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/1083"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}