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OILX - India: Not The Oil Growth Story It Was Supposed To Be
UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B
With a population of around 1.4 billion, India is the world’s second-largest nation. However, according to a new U.N. study, the country is projected to become the world’s most populous within a decade. Together, India and China account for about 37 percent of the world’s population, so their energy consumption trends are major factors for the world oil market.
India has been heralded as one of the most important drivers behind oil demand growth. India has 1 billion more people than the United States but only consumes a quarter the amount of oil, underpinning its