Opec+ ambitions for India oil market clash with clean energy goals

India's dependence on imported oil has only grown in the past decade to over 85 per cent of its needs

crude oil

S Dinakar
The world’s top petroleum suppliers say that India’s thirst for oil will not be satiated any time soon, even as the country walks a tightrope between promoting clean fuel and consuming oil. In the process, India under Prime Minister Narendra Modi’s government is getting boxed in between its ambitions to be one of the world’s biggest consumers of commodities which fuels growth and reconciling to its status as one of the world’s most polluted nations.

The question that now faces India is how will a humongous need for oil square up against an equally aggressive energy transition programme, or match up to an Aatmanirbharta approach to growth — an impossible task when it comes to producing oil & gas locally.

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First Published: Nov 21 2023 | 10:38 PM IST

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