📄 Abstract
Consumers opinions and choices about the car sector are greatly affected by petrol prices, according to research on consumer behavior. Our analysis of production expenses and supply chain dynamics sheds light on the ways in which fluctuations in oil prices impact company operations. This study examines the multi-faceted relationship between crude oil prices and the Indian economy by way of the intricate dynamics of the automobile sector. Looking at elements like previous trends, macroeconomic indicators, consumer behavior, production costs, and policy considerations, this study employs a detailed research technique to evaluate the complicated implications of changes in crude oil prices on Indias economy. Several major Indian automakers have shown financial resilience, according to a report from the stock market.
📚 How to Cite:
Mr. Fasi Ur Rehman, Mr. Rajnish Kumar Jha , A STUDY ON IMPACT OF CRUDE OIL ON INDIAN ECONOMY WITH REFERENCE TO AUTOMOBILE SECTOR , Volume 9 , Issue 4, april 2024, EPRA International Journal of Research & Development (IJRD) ,