a significant fall in the price of the crude oil has helped the Indian government to improve its CAD as well as fiscal deficit. explain how

2) how has decline in the price of crude oil in the international market helped the government to increase its tax revenue

1) A fall in price of crude oil has led to a fall in the payments made to the foreign countries for the import of the oil. This implies that the excess of imports over exports or current account deficit has been reduced.Also, a substantial fall in import prices allows the government to impose import duty on oil resulting in a decrease in fiscal deficit of the economy.

2) A significant decline in prices of crude oil would allows the government to impose an import duty on the import of oil resulting in an increase in tax revenue.