India’s Prime Minister Narendra Modi said India should cut oil imports by 10 percent by 2022 in order to reduce dependence on oil imports. The idea is to produce 10 percent on our own, and this should be our dream, he stressed.
He also said if India become successful in reducing the consumption by 10 percent by 2022, then it can reduce it further to 50 percent by 2030.
India currently depends on imported oil for over 80 per cent of its energy needs. The Middle East region accounts for over 60 per cent of India’s oil imports.
Author Profile
- India Writes Network (www.indiawrites.org) is an emerging think tank and a media-publishing company focused on international affairs & the India Story. Centre for Global India Insights is the research arm of India Writes Network. To subscribe to India and the World, write to editor@indiawrites.org. A venture of TGII Media Private Limited, a leading media, publishing and consultancy company, IWN has carved a niche for balanced and exhaustive reporting and analysis of international affairs. Eminent personalities, politicians, diplomats, authors, strategy gurus and news-makers have contributed to India Writes Network, as also “India and the World,” a magazine focused on global affairs.
Latest entries
DiplomacyDecember 14, 2024India, Iran and Armenia Advance Connectivity Push with Trilateral Talks in New Delhi- DiplomacyDecember 13, 2024Brazil’s G20 Presidency will focus on tangible results on UNSC reforms, climate action
- DiplomacyDecember 6, 2024India and Vietnam Strengthen Security Ties at 3rd Deputy Ministerial-Level Dialogue
- India and the WorldDecember 6, 2024India and UK Revitalize Strategic Ties at 2+2 Dialogue in New Delhi
