India is largely dependent on Oil Imports which threatens it's trade deficit. As Oil prices crashed by more than 70% in past one year - What benefits this downside beholds for India.

1. #5 Facts – What Oil Prices
Means To India
15/09/2015

2. #1 India Is 3rd Largest Oil Importer
In The World After US & China
15/09/2015

3. #2 IEA Predicts That India Will Burn
4.1mbpd In Q2 2015, Edging Out
Japan’s 3.8mbpd
15/09/2015

4. #3 Every $1 Drop In Oil Prices Pulls
Down Import Bill By Rs 6,900 Crores
15/09/2015

5. #4 Every $1 Drop In Oil Prices Pulls
Down Government’s Subsidy
Burden By Rs 890 Crores
15/09/2015

6. #5 Indian Railways Is Likely To Save
Around Rs 5,000 Crore On Diesel Bill
In Current Financial Year
15/09/2015

7. Source - CommTathya Research desk
- RBI Website
- Thomson Reuters
Edited By – Komal Manapure
15/09/2015

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