Diabytes
India's energy import bill News
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Low commodity prices and better FDI inflows have reduced India's vulnerability to external shocks which is "credit positive" for India, Moody's Investors Service said on Thursday.
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Falling prices of crude oil, thermal coal and liquefied natural gas (LNG) are huge positive for India as energy imports account for 36 percent of its total imports last fiscal, research firm Crisil Research said here.
India's annual energy import bill could jump to USD 230 billion by FY'23 from the current USD 120 billion but could get reduced significantly by switching from oil to natural gas and improving conservation, says a Goldman Sachs report.
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