India set to surpass China in need for oil as growth paths diverge

India is on the brink of surpassing China as the world's biggest driver of oil demand growth on the back of demographic factors such as population growth, which means the country is expected to maintain a reliance on fossil fuels for much longer. China's role as the engine of global oil demand growth is fading fast, highlighting the importance of India as an attractive long-term prospect for overseas producers looking to tap into the energy market.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xep6aMV
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