Analysts upbeat on Indian oil, gas sector after election

摘要

Singapore—The Bharatiya Janata Party’s decisive win in India’s general elections should see key reforms in the oil and gas sector pushed through and could end years of underinvestment in the country’s exploration sector.As a first step, analysts expect the new government led by Prime Minister Narendra Modi to swiftly raise natural gas prices— which would promote offshore investment— and deregulate diesel prices to cut the government’s subsidy burden.