India Oil and Gas Downstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The India oil and gas downstream market is expected to grow at a CAGR of more than 5% during the forecast period. Factors such as supportive government policies, efforts to grow the downstream sector coupled with upcoming projects, are expected to drive the market studied. However, the high capital investment required coupled with a lack of financing due to a global economic slowdown in the event of the COVID-19 outbreak is expected to hinder the growth of the market in the coming years.
Key HighlightsThe India oil and gas downstream market is consolidated. Some of the key players are Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Industries Limited, Nayara Energy Limited, amongst others.
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