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The Impact of Oil Price Changes on Indian Economy

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The Impact of Oil Price Changes on Indian Economy

Prof K. Mahendra Babu, Assistant Professor, Garhwal University, Uttarakhand was invited by the Department of Commerce & Management to deliver a guest lecture on the impact of oil price changes on Indian Economy.

Date: 23-06-2016                                            Time: 10:30 to 12:00 am

Venue: New Building Seminar Hall              Classes involved: III B Com & III BBA

                                                                                                            II B Com & II BBA

Program outcome: the lecture started with the basics terms in Economics and proceeded into the advanced topics of current strategies framed by Indian Govt to keep up with crude oil price inflation. The topics covered are:

  1. Fundamentals: GDP, Inflation, Exchange Rate, Monetary policies, Fiscal policy, Capital flow
  2. India’s growth as an economy
  3. Pre reforms & post reforms
  4. Organization of Petroleum Exporting Countries – OPEC
  5. Demand & Supply dynamics
  6. Crude oil price inflation
  7. Other side of the coin
  8. What India can do?   Build strategic oil reserves