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India is the world’s 5th largest importer of oil in 2010, importing ~75% of its oil needs. At US$ 103/bbl, India’s oil import bill would increase by US$ 20 bn in 2012. For India to Secure Oil for Sustaining Growth the options are 1. Domestic Exploration Efforts need to be Stepped Up. 2. Overseas Oil Equity: Natural Hedge against Increasing Prices. 3. Demand Management required to reduce Oil Intensity.