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The Effects of Oil Price Shock on the Indian Economy—A Study
Version 1
: Received: 4 January 2019 / Approved: 8 January 2019 / Online: 8 January 2019 (10:41:53 CET)
How to cite: Sreenu, N. The Effects of Oil Price Shock on the Indian Economy—A Study . Preprints 2019, 2019010059. https://doi.org/10.20944/preprints201901.0059.v1 Sreenu, N. The Effects of Oil Price Shock on the Indian Economy—A Study . Preprints 2019, 2019010059. https://doi.org/10.20944/preprints201901.0059.v1
Abstract
The paper examines the effects of crude oil price shocks on the Indian economy development and GDP Growth for the period of 2010 till 2018. The present Indian economy growth has been facing the identical issues of escalating the trade disparity and continuing inflation. In this connection, the study focused on the determine relationship between the speculation and crude oil price impact on the Indian economic development activity and GDP growth and the paper investigated the how oil price variations effect on the Indian economy development through different networks, viz. WPI, CP, IIP, GDP, Monetary policy, trade and investment. The paper used methods an GARCH model and description to tool the volatility on both the oil and stock markets and then developed an extension of the vector auto-regression (VAR) models are also applied to determine the oil price shocks effect on macroeconomic indicators and the outcomes of co-integration model propose that crude oil is pro‐cyclical to output, and the paper used VAR investigation to the discrepancy decomposition to capture the linear inter‐dependencies among the variables.
Keywords
fluctuations; price; WPI; IIP; GDP and shocks
Subject
Business, Economics and Management, Finance
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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