{"id":270617,"date":"2019-04-23T05:37:23","date_gmt":"2019-04-23T05:37:23","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270617"},"modified":"2019-04-23T05:37:23","modified_gmt":"2019-04-23T05:37:23","slug":"how-indias-oil-economy-changed-under-modi-regime","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-indias-oil-economy-changed-under-modi-regime\/","title":{"rendered":"How India\u2019s oil economy changed under Modi regime"},"content":{"rendered":"<p>With the US announcing to withdraw waivers granted to eight economies including India to buy crude oil from Iran beginning early May, over-dependence on oil imports in the third largest consumer of oil has again come to limelight.<\/p>\n<p>During the first year in office of prime minister Narendra Modi in 2014-15, India used to import a majority (18.4%) of its total crude oil requirement from Saudi Arab with Iran at a distance 7th position contributing only 6% of India\u2019s crude basket. However, towards end of Modi\u2019s tenure, as per the latest available data for the first 10 months of the financial year 2018-19 (April-January), Iran is now the third largest contributor to India\u2019s energy security, contributing 11.3% of the country\u2019s crude oil demand. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the US announcing to withdraw waivers granted to eight economies including India to buy crude oil from Iran beginning early May, over-dependence on oil imports in the third largest consumer of oil has again come to limelight. During the first year in office of prime minister Narendra Modi in 2014-15, India used to import a majority (18.4%) of its total crude oil requirement from Saudi Arab with Iran at a distance 7th position contributing only 6% of India\u2019s crude basket. However, towards end of Modi\u2019s tenure, as per the latest available data for the first 10 months of the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-270617","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270617"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270617\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}