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Can ₹84,000 crore get India drilling?
In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:
- Can ₹84,000 Crore Help India Find More Oil?
We’ll cover:
- Why India’s domestic oil production is falling and what untapped reserves could mean.
- How the Samudra Manthan scheme plans to reduce exploration risks for companies.
- The challenges of offshore drilling, investment returns and the timeline for new oil production.
- Why Is Rice Getting Expensive Despite Record Stocks?
We’ll cover:
- How the weak monsoon could affect India’s rice production and food inflation.
- Why government buffer stocks aren’t effectively bringing down retail rice prices.
- How ethanol production and lower reservoir levels could affect future rice supplies.
Audio Timestamps
00:04 Intro
00:32 Can ₹84,000 crore find India more oil?
13:20 Too much rice, yet higher prices?
20:31 Tidbits
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