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India Must Reduce Dependence on Oil: Jayant Sinha
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Former Union Minister of State for Finance Jayant Sinha has urged India to reduce its dependence on oil and focus on renewable energy to mitigate the impact of global crude price spikes on the economy.
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India Must Reduce Dependence on Oil: Jayant Sinha
Former Union Minister of State for Finance Jayant Sinha has urged India to reduce its dependence on oil and focus on renewable energy. Sinha said that any spike in global crude prices adversely impacts the economic stability of oil-importing countries due to increased production expenses and inflation across sectors. He emphasized the need for India to invest massively in renewable energy to reduce its dependence on oil.
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