American television channel CNBC conducted a survey of experts in the field of economy and finance. Most of them agreed, It's become the most favorable current situation in the oil market.
Most of the surveyed experts believe, that the main beneficiary of the sharp drop in oil prices has become India. This country is about 80 percent dependent on imported energy.
Rajiv Visvas, served as chief economist at IHS Markit Asia-Pacific region, He said the crisis in the oil market is a boon for India. Thanks to him, she will be able to reduce the level of inflation in the country and reduce the cost of procurement of imported products.
Recently, India has reduced the GDP growth rate and lost its status as one of the fastest growing economies in the world. Now, a sharp decline in the cost of hydrocarbons will be a stimulus for the development of energy, oil industry, the transport sector and other sectors. Under these conditions, Bank of India will be able to lower credit rate for domestic business. India's economy is due to the fall in oil prices could increase GDP growth by an additional 1,5-2%.
properly, benefit from the fall in oil prices will have other countries, not have their own energy resources and has a highly developed industrial production.
