Fall in Petrol and Diesel Prices in October 2018

Fall in Petrol and Diesel Prices in October 2018

Petrol and Diesel prices in India saw a steep increase after mid-August 2018 and they saw daily hike for many days in a row. A simple look at this article in Economic Times will show that how fuel prices in cities across India saw a daily hike starting from mid-August and went up by almost ₹3.5 in case of Petrol and ₹4 in case of Diesel by September 10, 2018. Fuel prices saw an unstopped increase and by the end of September 2018, and petrol prices in Delhi jumped to ₹83.49 from ₹77.14. The diesel prices increased to ₹74.79 from ₹68.72 recorded on 15th August.

Petrol and Diesel prices in India have fallen since October 2018

When people were tensed and the anger was mounting on the government due to increasing prices of Diesel and Petrol, Vedic Astrologer Anirudh Kumar Mishra made a prediction through a tweet which brought a relief for many people. He predicted on 25.09.2018 that within 7 to 19 days, diesel and petrol prices will return to their pre-hike prices. Although there is slight inadvertent error in this tweet but a little common sense would tell that prediction of reduction in fuel prices is made out in it.

Since the reduction in prices takes place on daily basis, this tweet implied that the prices would start to fall within the period said by him and they would return to the level where daily hike had begun, which turns out to be the price of about mid-August 2018.

On October 4, Central government announced a reduction of ₹2.50 in prices of Diesel as well as Petrol and further requested to make the same deduction, pursuant to which, many state governments also reduced the prices by ₹2.50 leading to an overall reduction of ₹5.00 in many states. This reduction was made on the 9th day of Mishra’s prediction. Mishra quoted his above tweet and informed about the reduction to his followers.

Pursuant to this reduction, the government started daily reductions in Petrol and Diesel Prices and their level matched with the level of mid-August. As prices continued to fall, Anirudh Kumar Mishra again tweeted that prices had fallen as per his prediction.

Thus, this tweet came true and the fuel prices have continued to fall since then. Folllwoing are two images to reflect how prices have continuously returned to where they were.

Thus, with the  this prediction came true.

What is the future of Indian Economy in 2018?

What is the future of Indian Economy in 2018?

Narendra Modi government demonetized the currency notes of denominations of 500 and 1,000 in November 2016, and last year introduced the GST. Both these measure were bound to cause some effect on Indian economy. The GDP of India slowed down, and even saw a fall in 2017 which became a serious cause of concern for the government as those historical but unprecedented steps were not paying off as expected by it.

Image source: Financial Express/Reuters

However, Anirudh Kumar Mishra made a prediction on 6 January 2018 that GDP of India will not fall in 2018, and that GST willl not have much effect on the Indian economy.

GDP of India will not fall in 2018. There wont be much affect of GST on economy this year. @PChidambaram_IN pic.twitter.com/sRfe48mH6B

— Anirudh Kumar Mishra (@Anirudh_Astro) January 7, 2018

4 days after this prediction, despite setback received from demonetization and GST, it projected the growth rate of Indian economy to 7.3 in 2018 and 7.5 in next 2 years. This article can be read here. The astrologer discussed this report and P Chidambaram’s views on it in a brief tweet.

Today #WorldBank also predicted no effect of GST, why @PChidambaram_IN is demoralizing India? https://t.co/J9oSZ8bPmr

— Anirudh Kumar Mishra (@Anirudh_Astro) January 10, 2018

In the Economic Survey 2018 tabled in parliament on 29 January 2018, similar growth rate was projected confirming validity of the prediction. The astrologer acknowledged this tweet too.

 

— Anirudh Kumar Mishra (@Anirudh_Astro) January 29, 2018

Another pleasant observation for the Indian Economy in 2018 came on 1 March 2018 when reports stated that India had reclaimed the tag of ‘fastest growing economy’ from China.
According to the Central Statistical Office, Indian economy gained its lost track and it reported a GDP growth of 7.2% in Q3 FY18, which happens to be the fastest in last five quarters. There has no negative remark for the GDP since the concerned prediction was made by Anirudh Mishra, and he seemed quite ecstatic upon listening to the news of Indian economy regaining the tag of fastest growing economy and he retweeted four of his older tweets wherein he had made different predictions on several aspects of Indian economy.

— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018

 

— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018

 

— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018

 

— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018

The rise in GDP also implies a healthy economy, and as such any recession would itself be ruled out in a developing economy, thus bringing to reality the prediction wherein the astrologer ruled out any recession in Indian economy. Furthermore, the reports of World Bank and other agencies also adhere to the prediction that the Indian Economy has gained momentum after November 2017.

Although this prediction covers entire year 2018, till now, no negative news has come pertaining to Indian economy and the truth behind this prediction, therefore, can be better judged after passage of this year.

EDIT (16.03.2018):

The ‘Voice of Asia’ report of Deloitte predicts faster than expected growth for Indian economy in 2018. Read the news here.