It’s about the stark deficit that India faces when it comes to production and consumption of crude oil. Indirectly, it also reinforces the extent to which India is dependent on oil imports to meet its requirements. With crude oil prices being as volatile as they can be, and with little in terms of fresh discoveries, India's growth might get impacted if alternate energy sources (like gas) are not identified fast!
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Source: BP Statistical Review 2009 |
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