What challenges and economic risks should India be prepared for if the Andaman crude reserves—estimated by Oil Minister Hardeep Puri at around 184,440 crore litres—prove commercially viable, and how might this discovery realistically impact India’s goal of becoming a $20 trillion economy?
Any one with knowledge on this field please guide on these details .
- Technical and financial hurdles: deep-sea drilling costs, ONGC’s historic capital outlay, replicating Guyana’s well‑drilling success .
- Economic ripple effects: reductions in oil import dependency, budget implications, and infrastructure demands .
- Macroeconomic outcomes: whether even a large discovery could materially shift India from $3.7 trillion to $20 trillion, and what timeline and reforms would be needed .
- which companies are likely to benefit if this discovery helps push India toward a $20 trillion economy?