Thesis

Abstract: Critically understanding the over dependence of crude oil imports, looking at the ill effects of use of crude oil, understanding how we can improve domestic production of crude oil & natural resources, at the same time looking at alternative energy source to fulfil the requirements of our country in a cleaner & sustainable manner. The primary objective was to critically analyse the all the drawback our nation has because of the overdependence on imports of crude oil, like Trade deficits, Inflation, Currency Depreciation, Fiscal Deficit, Energy security risk, Impact on balance of payments, Impact on industrial growth, environmental concerns & logistics issues Second objective is to look at improving our domestic crude oil & natural gas production, like incentivizing exploration & research, bringing regulatory reforms, public & private partnerships, bring international technology & infrastructure structure development Continuation of the second objective is looking at alternative & sustainable sources