Corona also benefits India, save $ 50 billion from falling crude oil prices

New Delhi, Mar 24, 2020, Tuesday

The economy has been hit hard by Korana's outburst.

Arvind Pangadhian, a professor at Columbia University and a professor at Columbia University, says crude oil prices have dropped by nearly 30 percent globally due to corona. India is a major importer of crude oil. If oil prices fall by $ 10, India gains $ 15 billion. From that point of view, India has so far benefited 50 billion. Because crude oil prices have dropped from $ 65 to $ 30.

He said that due to this, the government could get a substantial amount for the extra cost. At the same time, the government may consider the option of taking advantage of the price reduction to boost the economy.