The Narendra Modi-government’s pledge to cut oil import dependence by 10 per cent has been turned upside down as the country’s reliance on foreign oil has jumped under the NDA to a multi-year high of nearly 84 per cent, latest government data showed.
Speaking at the “Urja Sangam” conference in March 2015, the Prime Minister had said India needed to bring down its oil import dependence from 77 per cent in 2013-14 to 67 per cent by 2022 when the country will celebrate its 75th year of independence.
Further, the dependence can be cut to half by 2030, he had said.
