March 23, 2021
Source: Livemint

India’s oil and gas import dependence during April-January at 77.1%

India’s oil and gas import dependence during April-January accounted for meeting 77.1% of the domestic needs.India is particularly vulnerable, as any increase in global prices can affect its import bill, stoke inflation and increase its trade deficit. India spent $101.4 billion on crude oil imports in 2019-20 and $111.9 billion in 2018-19.

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