The story of India's failure to drill its own oil in 9 charts

These nine charts explain how a failed energy exploration policy has stalled expansion of India's domestic oil production

Even as global crude oil prices and Indian retail fuel prices continue their journey skywards, the Indian government and 

respective state governments seem to be following a wait and watch policy on tax cuts to moderate spiraling petrol and diesel prices. That whenever OPEC pulls the harness, India feels the pressure is well known. India’s dependence on global crude oil is also a testament to the sorry state of affairs its own energy exploration industry finds itself in. The New Exploration and Licensing Policy (NELP) adopted by the government in 1997 has done little to strengthen India’s energy security by ramping