Summary
Global oil prices have crashed to historic low levels and further disruptions are in store for the global oil markets beginning April when major oil producing countries plan to aggressively increase production, K Ravichandran, Senior Vice-President and Group Head, Corporate Ratings at ICRA told ETEnergyWorld in an interview. Ravichandran explained what low oil prices would mean for the Indian economy and the country’s oil and gas players. Edited Excerpts...
On a macro level how will low oil prices benefit the Indian economy?
Ans. There will be positive as well as negative impacts. On the positive side, our trade balance will improve,......