ANVESAK ISSN : 0378 – 4568 UGC Care Group 1 Journal Vol. 51, No.2(VI) July – December 2021 202 CRUDE OIL PRICE PREDICTION POSSIBILITIES USING UNIVARIATE ANALYSIS. – INDIA SCENARIO Sandesh Ramakant Bhat, Research Scholar, Lingaya’s Vidyaapeeth, Nachauli, Jasana Road, Old Faridabad, Haryana. Dr. K.K. Garg, Professor and Research Guide, Lingaya’s Vidyapeeth,Nachauli, Jasana Road, Old Faridabad, Haryana Dr V Somanath, Co-guide and Professor Emeritus, Bengaluru Abstract Indian is a country which is influenced and impacted highly on Crude oil prices and its impact on Economic Indicators. Crude oil price fluctuation directly or indirectly effects on consumer product prices. Crude oil prices have both short time and long-term effect on the economy. CPI, WPI, IIP have its direct impact on crude oil price fluctuation. This study tries to bring out positive relationship between Economic indicators and Crude oil Prices and predicts Crude oil Prices using Univariate analysis (ARIMA). The data considered for predicting the prices is considered from Petroleum Planning and Analysis Cell and monthly data is considered for analysis. The result rendered shows that there is a significant impact of Economic indicators on Crude oil Prices. Key words: crude oil, prediction, ARIMA, economic Indicators. Introduction "Financial development" – most discussed theme today in India is this word. Financial development of the nation relies upon factors like financial strategy and money related arrangement. Monetary approach Monetary approach alludes to the utilization of government spending and duty strategies to impact financial conditions, particularly macroeconomic conditions, including total interest for labor and products, business, expansion, and financial development. (Investopedia). Financial strategy Financial arrangement, the interest side of monetary strategy, alludes to the activities embraced by a country's national bank to control cash supply and accomplish macroeconomic objectives that advance feasible monetary development. (Investopedia) It is apparent that financial approach and money related strategies are significant variables in choosing the development of the economy. As it tends to be perceived that financial strategy and money related arrangement goes connected at the hip, these approaches are affected by the monetary conduct of the country. Financial conduct relies upon request and supply of labor and products and in view of the pay level of the shoppers of these labor and products. Pay level and buying power relies upon the valuing of labor and products. Valuing of labor and products relies upon different inside and outer elements, similar to government choices, market vacillations, Imports and commodities and changes in the financial pointers. Monetary