Analysis of Price Volatility in Energy COmmodities

Abstract

After globalization, there has been a astic increase in energy consumption of India, as the development aspect has picke up pace. India in the recent past has pioneered the economic growth and is just behind China in the race. In order to meet the galloping demand of energy, India is importing 76% of crude oil, 22. 5 % of natural gas and 14. 8% of coal. These energy commodities have a great role to play in growth and development of any country. The import of these commoditie significantly contributes towards the continuously increasing fiscal deficit.