India cannot finance the oil it needs for its economic growth
At the beginning of the 1990s, about 65% of India’s oil demand was covered by its own production. Nowadays India’s consumption of oil, of which 80% has to be imported, is continuously growing. Due to the population growth and the resultant increase in the number of cars as well as the stagnancy in the domestic oil production, the imports of this raw material will be rising for the foreseeable future. Such a high dependence on external producers along with growing oil prices will become a significant burden on the Indian economy.
You can read the rest @
Which is the greater threat to our planet - Trump's pulling out of the climate accords, or India's (and China's) rapid growth and modernization? Read this report before you answer:
And why aren't the climate change crazies jumping up and down about the impact India is having on the globe?
Something about this whole situation is rotten.