Viksit Bharat @2047: How Research and Innovation in Oil Companies Can Drive India's Economic Growth

Dr. Amit Kumar, Tiwari and Praveen, Kumar (2024) Viksit Bharat @2047: How Research and Innovation in Oil Companies Can Drive India's Economic Growth. American Journal of Business Practice, 1 (5). pp. 49-55. ISSN 2997-934X

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Abstract

Viksit Bharat @2047, India's ambitious ambition, seeks to make the nation a developed and independent economy by 2047, the year of its centenary. Sustainable economic growth is essential to achieving this aim, and energy security is vital to that progress. Since oil is still one of India's primary energy sources, oil corporations must innovate and research to meet the nation's expanding energy needs while lessening their adverse environmental effects. It is anticipated that developments in oil discovery, refining, alternative energy integration, and efficiency improvement would spur economic growth and advance energy self-sufficiency. Enhanced oil recovery (EOR) and digital transformation via data analytics and artificial intelligence (AI) are innovative oil extraction methods that can greatly boost domestic oil production, lowering import dependency and enhancing energy security.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	13 Dec 2024 11:13
Last Modified:	13 Dec 2024 11:13
URI:	http://eprints.umsida.ac.id/id/eprint/14847

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