Caixin
Mar 25, 2023 03:39 AM
ECONOMY

India Set to Surpass China in Oil Demand as Growth Paths Diverge

(Bloomberg) ― A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future.

A swelling population, which has most likely already surpassed that of China, will help to underpin that growth along with consumption trends. India’s transition from traditional gasoline and diesel-fueled transport is expected to lag other regions, whereas China’s adoption of electric vehicles is surging.

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