India, Oct. 29 -- Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri highlighted the crucial link between India's economic growth and the strength of its energy and maritime sectors while addressing the 'Revitalizing India's Maritime Manufacturing Conference' in Mumbai during India Maritime Week 2025.
The Minister noted that with India's GDP nearing USD 4.3 trillion, nearly half driven by the external sector, trade and shipping play a pivotal role in sustaining the country's rapid growth. He said India currently consumes 5.6 million barrels of crude oil per day, projected to reach 6 million barrels soon, and will contribute 30% of global energy demand growth over the next two decades.
During FY 2024–25, India impor...