eassay on Challenges in the Future for Oil and Gas Sector in english
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In 2021, the oil and gas industry in India has an arduous task of helping the economy revive quickly, while negotiating the headwinds of global recession, protectionism and geo-political upheaval. Positive signs of recovery and growth were visible in the fourth quarter of 2020, as fiscal and monetary stimuli provided by the government got translated into enhanced government and private expenditure.
- Further, the oil industry will steer its drive towards universal accessibility, availability and affordability while adopting de-carbonisation and digitalisation. The oil and gas industry, in the public, private and joint sectors, is ready to welcome 2021 with resolve of a service industry, armed with resources of the mining industry and technology of the IT industry.
- Indian oil and gas industry leaders are faced with the twin challenge of responding to the changing environment, while managing their enterprise level shake-up and internal resources, including human resources (see Graph 1).
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