'Economic Consequences' of Over-Dependence on Crude Oil - Experts Warn - General Secretary of INC Shri.Jairam Ramesh

Shri.Jairam Ramesh, the General Secretary of INC, expressed his concerns regarding India's reliance on crude oil and natural gas imports. He stated that, despite a record of high energy consumption, the Prime Minister now urges citizens to minimize oil usage. However, Mr. Ramesh has questioned the motives behind this sudden change, pointing out thousands of crores of fraudulent investments in the GSPC by the previous government, which were later hidden through a merger with ONGC.

This move, according to Mr. Ramesh, highlights the Prime Minister's priorities. He believes that before asking citizens to make sacrifices, leaders must take responsibility for past actions and provide clear solutions to the existing problems. In the context of energy independence, Mr. Ramesh emphasizes the need for a balanced approach, combining both reduction in consumption and the development of sustainable energy sources.

Furthermore, Shri.Jairam Ramesh has pointed out that the current crisis has far-reaching economic implications. If left unchecked, it may lead to significant economic losses for India, affecting various sectors such as transportation, industry, and households. Mr. Ramesh has urged the government to adopt a comprehensive plan to address the energy crisis, including increased investment in renewable energy sources and a reduction in consumption through sustainable practices.

As the debate on energy independence continues, citizens are left wondering if the Prime Minister's plan will yield the desired results. With Shri.Jairam Ramesh's warnings of potential economic consequences, it remains to be seen how the government will address the pressing issue of India's energy reliance.