Global oil industry and Indian economy : An analyses from 1970s upto global recession (1970-2008)
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2014, Vol 1, Issue 8
Abstract
Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, up to a high of 53% for the Middle East. This paper focuses on the state of the global oil industry and its implications on the Indian economy. The paper begins with the description of the current global oil market in terms of the major producers and consumers of oil. The supply is described in terms of crude oil supply which is dependent on the availability of oil reserves and the supply of petroleum products for which the refining capacity is also a contributing factor. On the demand side the paper focuses on the key sectors in terms of end use of oil and has looked at the current and projected future values of demand for oil in these sectors. The paper further looks at how imports are used to cover the trade gap and what are the major sources of these imports. Finally, the paper proceeds to look at the likely effect of future demand supply gap on the future balance of trade and the various monetary policy measures to be taken to mitigate the effect on India’s economy.
Authors and Affiliations
Sana Samreen
Keywords
Related Articles
- EP ID EP30719
- DOI -
- Views 289
- Downloads 0
Knowledge attitude among medical officers regarding HIV/AIDS working in different Public Health Institutions of Punjab
Medical officers play an important key role in the health care delivery system in the public sector. Hence their knowledge, attitude practices about HIV/AIDS is very crucial. This study was conducted during the period 2...
Financial Literacy Level of Expatriates in United Arab Emirates and Its Effect on Investment Decision
This study measures the level of financial literacy and evaluates the impact ofdemographic characteristics on financial literacy among the expatriates in the UAE. The financial literacy level is found to be affected by...
Gandharba Marriage Manner
In Hinduism, there are eight types of marriage manner. Gandharba manner is one among them. AcharjyaVatsyayan mentioned three rules of Gandharba Marriage in his great treatise Kamasutra. Firstly, Hero sends Dhatryeka to...
Analytical Solution of 1-dimensional Heat Equation by Elzaki Transform
In this work a new Integral transform, namely Elzaki Transform was applied to solve 1-dimensional heat equation to obtained the exact solutions.It is moreeasier, efficient,simple and powerful tool for solving 1-dimensio...
Intelligent Wireless Patient Monitoring and Tracking System (Using Sensor Network and Wireless Communication)
Aim of our work is to monitor the human body temperature, blood pressure (BP), Pulse Rate and ECG and tracking the patient location. The human body temperature, BP, Pulse Rate and ECG are detected in the working environ...