India has cut oil and gas royalty rates, including major incentives for deepwater drilling, making domestic exploration cheaper as West Asia turmoil rattles global energy markets. The big question: Is this just policy reform, or India’s bigger push to shield itself from import shocks? 

India cuts oil, gas royalty in major policy shift as Modi pushes ‘Vocal for Local’ amid West Asia crisis

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India cuts oil, gas royalty in major policy shift as Modi pushes ‘Vocal for Local’ amid West Asia crisis