Amid high oil prices, India puts onus of global growth on OPEC

India has called upon OPEC to maintain market stability for the benefit of consumers, producers, and the global economy. The country, being the world’s third-largest energy consumer and oil importer, emphasized the importance of a strong collaboration between India and OPEC. As India is projected to be the fastest-growing major developing economy, accounting for over 28% of global energy demand, India’s oil minister warned of a potential loss of market amid shifting dynamics.

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