Explained: How India can reduce oil and gas imports

Explained: How India can reduce oil and gas imports

Despite prime minister Narendra Modi’s plan to cut import dependence in the oil and gas sector by 10 percentage points by 2022, a series of major policy missteps (goo.gl/6wGgkT) ensured that import-dependence rose, from 83% in FY13 to 86% in FY18 in the case of oil and from 30% to 45% in the case of gas.

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