Budget 2026: A blueprint for India’s oil and gas sector

India is charting a course toward a self-reliant, economically vibrant future under the ‘Kal ka Bharat’ vision, balancing rapid growth, energy independence, and climate commitments. As the world’s third-largest oil consumer and fourth-largest refiner, India aims to increase domestic crude production to 100 MMT, gas output to 100 BCM, and refining capacity to 450 MMTPA by 2047.

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