India's Oil Demand Surges in 2025, Outpacing Global Growth
Introduction India is set to experience the fastest oil demand growth among major global economies in 2025, with a projected increase of 3.39%, more than double China's growth rate. This surge underscores India's escalating energy requirements and its rising prominence in the global oil market. Economic Drivers of Oil Demand The robust growth in oil demand is fueled by several key factors: Industrial Expansion: India's manufacturing and industrial sectors are experiencing significant growth, leading to increased energy consumption. Transportation Sector Growth: The rise in vehicle ownership and expansion of transportation infrastructure contribute to higher fuel usage. Urbanization and Infrastructure Development: Rapid urbanization and large-scale infrastructure projects demand substantial energy resources. Global Implications India's burgeoning oil demand has far-reaching implications: Global Oil Markets: As India's consumption rises, it beco...