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INDIA’S RELIANCE ON OIL IMPORTS HITS FRESH FULL-YEAR HIGH IN FY24

Why in the news? India’s escalating dependence on imported crude oil, reaching a record high in FY24, impacts economy and government initiatives. source:IE About the Increasing Reliance on Oil Imports: India’s dependence on imported crude oil reached a new peak in the fiscal year 2023-24 (FY24) due to rising demand for fuel and petroleum products …

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