Global crude oil price of Indian Basket was US$ 49.22 per bbl on 06.01.2015 Will Global Recessions End ?

 Is there a new lease of life to industry? Global crude oil price US$ 49.22 per bbl on 06.01.2015 is lowest to achieve and this marks the oil to touch below half century. With oil price nose diving the economy which is in shambles will help to re-orient itself in process many bigwigs may feel the pinch but with new lease of life to industry specially the MSME sectors  which were in fiscal,marketing and production crunch due to high Oil cost  build up to new heights.