The IPO is part of the disinvestment programme to garner a whopping Rs 1.05 lakh crore in FY20, up from Rs 85,000 crore in FY19 and Rs 1 lakh crore in FY18.
Spending hefty amounts out of pocket at one go may not be possible for everyone and hence many people depend on credit to meet the festive shopping demand, thereby delaying the payment process.
Oil prices are important as India imports more than 80% of its oil and around two-thirds of that come from the Middle East, according to the Bloomberg data.
