India needs new energy sources for self-sufficiency
pre-market1 source ↓written by the desknot a recommendation
- the country imports
- 85% of crude oil
- 55% of natural gas
India's ambition for developed economy status by 2047 relies on energy security. Currently, the country imports 85% of crude oil and 55% of natural gas, exposing it to geopolitical risks. The ongoing conflict in West Asia threatens supply chains, emphasizing the need for diversification in energy sources to safeguard economic stability.
Not investment advice. For informational purposes only.