According to a research by RESEARCH AND MARKETS, major factors driving the growth of Indian Oil & Gas market is the increase in the demand from the transportation industry, modern developments of oil and gas exploration, production activities, and recovering prices. With advancements in technologies, innovations are further being witnessed that will provide robust infrastructure to bring required market growth for Oil & Gas Industry in India. Undoubtedly, this niche industry is seeing rapid transformation across the globe; as per the research.
Dharmendra Pradhan, Minister of Petroleum & Natural Gas speaking at the India Energy Forum of CERAWeek conference last year said, "Today India is sixth largest economy in the world and third largest energy consumer after US and China. India