why does india has to import oil?
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The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Gujarat. ... India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local exploration, renewable energy and indigenous ethanol fuel.
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India produces only 15% of the needed oil by itself, so we have to import oil. Though data shows that the oil imported by India has surged very steeply over the last two decades, India currently is the third largest buyer of oil in the world (with the thirst of roughly 4 million barrels per day).
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