An Overview of Petroleum Production in India Since Independence
Sentu Shaikh
DOI : 10.46890/SL.2022.v03i01.002
Abstract
The petroleum production industry is fundamental to India’s economic development. Despite the global economic slump, India’s demand for crude oil remains stable. The purpose of this study was to understand the trends and pattern of petroleum production in the country since independence. In nature, it is a descriptive investigation. Secondary data is used in this study. It is gathered from the Government of India ministry of petroleum and natural gas report, journals, newspapers and financial websites. The findings of this study reveal that petroleum production has increased since independence however, it is experiencing stability in the production these days and we are heavily relying on imports to fulfil our indigenous demands. The main objective of this study is to analyse trends and patterns of petroleum production in the country.
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The petroleum production industry is fundamental to India’s economic development. Despite the global economic slump, India’s demand for crude oil remains stable. The purpose of this study was to understand the trends and pattern of petroleum production in the country since independence. In nature, it is a descriptive investigation. Secondary data is used in this study. It is gathered from the Government of India ministry of petroleum and natural gas report, journals, newspapers and financial websites. The findings of this study reveal that petroleum production has increased since independence however, it is experiencing stability in the production these days and we are heavily relying on imports to fulfil our indigenous demands. The main objective of this study is to analyse trends and patterns of petroleum production in the country.