Development Quote by Manmohan Singh
“70 percent of India's imports of oil and oil products are imported from abroad. There is uncertainty about supply. There is uncertainty about prices. And that hurts India's development.”
About This Quote
India's oil dependence creates supply and price uncertainty, hindering development.
In simple terms: Oil imports cause economic risk.
Key Takeaway
Diversify energy sources.
Themes
energy security
economic development
geopolitics
Mood
concerned
strategic
Type
policy
economic
When to use this quote
- government budgeting
- industrial strategy
- environmental planning
Key Concepts
resource economics
policy planning
Questions to Reflect On
- What alternatives can reduce dependence?
- How to balance growth with energy security?
A Different Perspective
Transitioning may be costly and politically challenging.
