Preprint Article Version 1 This version is not peer-reviewed

The effects of Oil Price Shock on the Indian Economy – A Study

Version 1 : Received: 8 January 2019 / Approved: 9 January 2019 / Online: 9 January 2019 (15:37:47 CET)

How to cite: Sreenu, N. The effects of Oil Price Shock on the Indian Economy – A Study . Preprints 2019, 2019010087 (doi: 10.20944/preprints201901.0087.v1). Sreenu, N. The effects of Oil Price Shock on the Indian Economy – A Study . Preprints 2019, 2019010087 (doi: 10.20944/preprints201901.0087.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. 

Supplementary and Associated Material

http://www.igntu.ac.in: university website

Subject Areas

fluctuations, price, WPI, IIP, GDP and shocks

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