He gave the public and private players in the maritime sector the goal of placing India among the top ten shipbuilding nations by 2030 and among the top five nations by 2047.
Every USD 10 per barrel increase in global crude oil prices could reduce India's GDP growth by about 0.5 per cent and add pressure on economic activity, inflation and currency stability, given the country's heavy reliance on imported crude, Vandana Bharti, Research Head - Commodity, SMC Glob
Beijing [China], December 31 (ANI): China's reliance on Middle East oil increases despite its efforts to get to an "ecological civilization" that relies less on fossil fuels and more on renewable energy.