What is LNG and how is it linked to India's civil services exam in economy
Explain what is meant by LNG and discuss its relevance to the Indian economy.
- LNG is linked to India's civil services exam in economy as it is an important topic under the energy sector, which is significant for the country's economic growth.
- India is one of the world's largest importers of LNG due to its increasing demand for energy.
- LNG has a high relevance to the Indian economy as it plays a crucial role in meeting the country's energy requirements, particularly for power generation, industrial usage, and transportation.
- It helps diversify India's energy sources and reduces the dependency on traditional fossil fuels like coal and oil.
- Importing LNG is vital for India to bridge the demand-supply gap of natural gas and ensure energy security.
- LNG infrastructure development promotes investment opportunities, job creation, and technological advancements in the energy sector, thereby contributing to the overall growth of the Indian economy.
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a year ago