Crude price has fallen below $ 30 per barrel again. It is start of world recession. 2016 will pose big risk on all economies.
Fall in purchasing power of oil producing countries resulted in lower demand of goods. even INDIA is also impacted. its exports are falling month after month. India may loose on remittances from workers working in these countries, as wage cuts are feared.
Fall in purchasing power of oil producing countries resulted in lower demand of goods. even INDIA is also impacted. its exports are falling month after month. India may loose on remittances from workers working in these countries, as wage cuts are feared.
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