India is set to surpass China as the leading contributor to global oil and gas demand growth over the next decade, owing to rapid industrialization, infrastructure expansion, and rising mobility, The Economic Times reported Thursday, citing New York-based Moody's Corporation.
Moody's forecasts India's oil demand to grow 3% to 5% on an annual basis, while China's oil demand peaks within three to five years amid slowing growth and increasing electric vehicle adoption, the report said.
India's demand for gas is also projected to grow 4% to 7% annually through 2030, though affordability and infrastructure could pose a threat to this growth, it said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。