| Summary/Abstract |
Though, just after independence India pursued mixed economic model (state as well as private owned economic system) where economic development pace was not much fast. However, after series of economic reforms implemented throughout the 1990s and 2000s as well as industrial reforms often called, “New Economic Policy” resulted in mercurial expansion of economic activities in India which required huge energy consumption on the part of various kind of industries in particular and overall segment of nation’s life in general, which further lead to disproportionate demands in energy (mainly oil and gas).
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