Market Size of India Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Oil and Gas Downstream Market Analysis
The India Oil and Gas Downstream Market is expected to grow at a CAGR of more than 2.5% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the long term, supportive government policies, and efforts to grow the downstream sector, coupled with upcoming projects, are expected to drive the market studied. Moreover, Growing oil and gas consumption in the country is expected to be the significant driver for India Oil and Gas Downstream Market.
- On the other hand, the high capital investment required and a lack of financing due to a global economic slowdown are expected to hinder the market's growth in the coming years.
- Nevertheless, favorable policies for investment by private players in the sector are expected to provide a significant opportunity for the market players.
