New Delhi, Feb. 14 -- Union Minister Piyush Goyal, on Saturday, 14 February, addressed India's energy demands and explained why the country is planning to increase imports and the number of suppliers.

Goyal also highlighted the interim India-US trade deal, which aims to boost trade to $500 billion by 2030 and includes energy requirements such as crude oil and LNG.

According to Goyal, as the world's fastest-growing large economy, India's energy demand is also rising. Increasing imports and more suppliers may lead to more competitive crude oil pricing.

"India is the fastest-growing large economy in the world, and its energy demand is rising by around 7% annually. Increasing imports and having more suppliers would help India secure crude ...