Which one of the following is the main reason of steep increase in imp...
There is a steep rise in the import of petroleum products. It is used not only as a fuel but also as an industrial raw material. It indicates the tempo of rising industrialisation and better standard of living.
Which one of the following is the main reason of steep increase in imp...
Main Reason for Increased Petroleum Imports in India
The steep increase in petroleum imports in India can primarily be attributed to rapid industrialization and improvements in the standard of living. Here are the key factors that highlight why this is the correct answer:
1. Rapid Industrialization
- The post-liberalization era has seen substantial growth in various industries, including manufacturing, construction, and services.
- Industrial activities require significant energy inputs, and petroleum remains one of the primary sources of energy for these sectors.
2. Better Standard of Living
- Economic growth has led to an increase in disposable incomes, resulting in higher consumption of energy.
- The rise in personal vehicles and greater demand for transportation fuels directly correlate with increased petroleum consumption.
3. Urbanization
- Rapid urbanization has created a demand for energy in urban areas, further straining domestic energy resources.
- Urban infrastructure projects, including transportation networks, require substantial petroleum products.
4. Dependence on Fossil Fuels
- Despite efforts to promote renewable energy, the transition has been gradual, and the country still heavily relies on fossil fuels.
- Petroleum products are essential for many sectors, including transportation, heating, and electricity generation.
Conclusion
In summary, the combination of rapid industrialization and an improved standard of living has led to a significant increase in the demand for petroleum in India. This demand is further exacerbated by urbanization and dependence on fossil fuels, making option 'C' the correct answer to the question regarding the main reason for the steep increase in petroleum imports.