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According to the recent survey, India is at which place in oil and natural gas consumption in the world?

  • a)
    3rd

  • b)
    4th

  • c)
    1st

  • d)
    5th

Correct answer is option 'A'. Can you explain this answer?
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According to the recent survey, India is at which place in oil and nat...
India ranks 4th in oil and natural gas consumption in the world, according to a recent survey. Here are some details to explain this answer:

Factors affecting oil and gas consumption:
- Population growth
- Urbanization
- Economic development
- Industrialization
- Transportation needs
- Energy demand

Oil consumption in India:
- India is the third-largest oil importer in the world, after the US and China.
- India's oil consumption has been rising steadily over the years, driven by increasing demand from various sectors such as transportation, industry, and households.
- India's oil consumption in 2020 was around 5 million barrels per day (bpd), which is expected to grow to 10 million bpd by 2040.

Natural gas consumption in India:
- India's natural gas consumption has also been growing, albeit at a slower pace than oil.
- Natural gas is mainly used in power generation, fertilizer production, and industrial processes.
- India's natural gas consumption in 2020 was around 5 billion cubic feet per day (bcfd), which is expected to grow to 15 bcfd by 2040.

Ranking of countries in oil and gas consumption:
- The US is the largest consumer of oil and natural gas in the world, followed by China and Russia.
- India ranks 4th in oil and natural gas consumption, ahead of countries like Japan, Saudi Arabia, and Canada.
- However, India's per capita consumption of oil and gas is still much lower than that of developed countries, indicating scope for further growth in the future.
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According to the recent survey, India is at which place in oil and nat...
Option number (A)
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According to the recent survey, India is at which place in oil and natural gas consumption in the world?a)3rdb)4thc)1std)5thCorrect answer is option 'A'. Can you explain this answer?
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