🔥🇮🇳 India Will Rule Petroleum Sector in Upcoming Decade: Goldman Sachs

New Delhi — In a powerful economic projection, Goldman Sachs has stated that India will lead global oil demand growth over the next 10 years, outpacing all other major economies, including China.

"We believe India will be the fastest-growing oil demand region among the large economies globally. In fact, one-third of the global oil demand growth over the next 10 years will be coming from India," said Nikhil Bhandari, Co-Head of Clean Energy Research at Goldman Sachs.

📈 Supporting Forecasts from Global Energy Giants

The International Energy Agency (IEA) has backed this sentiment, projecting that India will account for over one-third of the global oil demand growth from 2023 to 2030 — overtaking China in energy consumption expansion.

Furthermore, a recent OPEC report forecasted that India’s oil demand will grow by 3.39% in 2025, more than twice the rate of China’s projected growth. This firmly places India at the center of the global petroleum economy.

🌍 Oil Demand to Peak at 110 Million Barrels per Day

Goldman Sachs has also raised its global oil demand forecast, expecting consumption to peak at 110 million barrels per day by 2034. Much of this growth will come from emerging Asian markets—with India being the key driver.

This signals the crucial role India will play in shaping global energy trends, owing to its growing economy, rising population, industrialization, and rapid urban expansion.

🔍 What It Means for India's Economy

As India continues to grow economically, its energy consumption is set to soar. The petroleum sector is expected to witness massive investments, infrastructure development, and expansion of refining capacity. This boom will not only fuel GDP growth but also create jobs and strengthen India's strategic global standing in the energy market.

📌 Conclusion

India’s rise in the global oil landscape is no longer speculative—it’s inevitable. With support from major global institutions like Goldman Sachs, IEA, and OPEC, India is poised to become the backbone of the petroleum demand surge in the coming decade.

The next oil superpower may not be in the Middle East — it could be right here in South Asia.