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"Slump in oil prices". How will this affect India's CAD?

In India's imports ..crude oil have the biggest share .....so a heavy decline in prices of oil will decrease india's CAD as our imports of crude oil becomes cheaper ......and flow of froex outside the india reduces.....and trade balance starts to nourish.....
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India is a big importer of oil. A fall in prices means that India will be able to save foreign exchange even when the quantum of import is not reduced . Accordingly, CAD will be managed. This will help in improving India's current account deficit.
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