Lessons from a retrospective look at India's upstream sector

摘要

In May 2014, a general election in India resulted a single party holding a parliamentary majority for the first time in 25 years. This has rekindled hopes of a revival in India's domestic oil and gas sector, which has had an erratic history of performance and decision-making. However, the realization of these hopes will depend on policymakers' ability to harmonize upstream and downstream policy in the energy sector. This article provides an overview of the evolution and current status of India's upstream sector and its linkages to the downstream economy, set against the context of India's broader energy challenges.