Vedanta Group Chairman Anil Agarwal on Thursday suggested that India must increase its domestic oil production to meet future demand and ensure energy security. He referred to projections from BP, which forecast India's oil demand will nearly double by 2050, rising to 9 million barrels per day from the current 5 million barrels per day. Advertisement

"According to BP, India's oil demand will be 9 million barrels per day in 2050. That means it will almost double from the current demand of around 5 million barrels per day. Today, we only produce 0.6 million barrels per day. We must produce more in India for our energy security, to save on our import bill and to generate jobs," Agarwal said.

The Vedanta chairman further said that self-certification of clearances will greatly speed up expl

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