Oil & Gas: Pre Budget Reflections

Oil & Gas Best Sellers! During the course of last Budget presentation there was much brouhaha on Capital Investment Outlay. It was pegged at Rs 10 Lakh Crore, a whopping increase of 33%, being 3.3% of GDP. This allocation was to galvanize economic growth and create employment opportunities. The final acts of Annual Budget ritual, for 2024-25, are on. Halwa has already been partaken(sic). As expected, a number of analysis, projections and expectations are doing the rounds. Although, the road shows of publicly ruminating before the Finance Minister, on Live Television, seem to be absent, this time round. For those, who are somewhat parochially involved in a particular sector, a few quick insights, are simply unmissable. As per information available in public domain, for 23-24, GDP at current rates is expected to be Rs 296.58 Lakhs, indicating a growth rate of 8.9%. This is substantially lower than 16.1% growth in the previous year. While employment generated data for 23-24 is no...