India's Oil Addiction to Vault Nation Into Top 3 Global Guzzlers
The jump in energy consumption is reminiscent of the early days of China’s demand boom. That country’s growth in gross domestic product soared toward 10 percent in the first half of the 2000s, pushing oil use beyond Japanese demand in 2003. China’s economy will grow by an estimated 6.8 percent this year, according to the IMF.
--With assistance from Grant Smith in London.
To contact the reporters on this story: Rakteem Katakey in London at rkatakey@bloomberg.net; Javier Blas in London at jblas3@bloomberg.net. To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Amanda Jordan, Will Wade
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