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India becoming new centre of oil demand growth

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Published Fri, Apr 8, 2016 · 09:50 PM

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Singapore

IN the energy world, India is becoming the new China.

The world's second-most populous nation is increasingly becoming the centre for oil demand growth as its economy expands by luring the type of manufacturing that China is trying to shun. And just like China a decade ago, India is trying to hedge its future energy needs by investing in new production at home and abroad.

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