CURRENT AFFAIRS

Detailed explanation-1: -India was the third-largest energy consumer in the world after China and the United States in 2021 (according to the BP Statistical Review of World Energy 2022) and the second-most populous country, with 1.4 billion people. India’s energy needs continue to grow as a result of population growth and modernization.

Detailed explanation-2: -3. India. With a daily consumption of 4.65 million barrels, India is the third largest oil consumer in the world.

Detailed explanation-3: -The United States and China are the top largest consumers of oil in the world, totaling 18.7 million and 15.4 million barrels per day, respectively.

Detailed explanation-4: -In its India Energy Outlook 2021, IEA saw primary energy consumption almost doubling to 1, 123 million tonnes of oil equivalent as the Gross Domestic Product expands to $8.6 trillion by 2040. India at present is the fourth-largest global energy consumer behind China, the United States and the European Union.

Detailed explanation-5: -As per World Energy Outlook 2021 of IEA, the current share of India in global primary energy consumption is 6.1% and is likely to increase to about 9.8% under stated policies scenario by 2050.