December 10, 2014

OPIC ( Organisation of Oil Importing Countries ) - India Should Take Lead

India should , now , form OPIC ( Organisation of OIl Importing Countries ) and drive hard bargains.

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http://www.moneycontrol.com/news/economy/too-low-crude-prices-also-not-good-for-india-cornell-prof_1249082.html



Indian economy is less dependent on Exports than many other countries .

 India has a huge internal consumption market.

The lower the crude oil prices the better it is for India. We cannot be expected to bear the burden of oil exporters economy.

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