India needs faster energy reforms, tough decisions to reduce dependence on imported fuel: Neelkanth Mishra
New Delhi, June 7 -- India needs to move faster on energy reforms and take tougher policy decisions if it wants to reduce its dependence on imported energy, newly appointed World Bank Executive Director Neelkanth Mishra said.
Speaking to ANI in an interview, Mishra said India remains vulnerable to imported oil and gas, but argued that the country has enough domestic resources to strengthen its long-term energy security.
"The fact that we are deeply vulnerable to imported energy currently is obviously a problem," Mishra said.
At the same time, he stressed that India has the ability to reduce that vulnerability over time.
"In the current mix, it is definitely not under control. But can it be under control? 100 per cent," he said.
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