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India imports about 70 per cent of its total oil consumption and it makes no exports. **India faces a large supply deficit, as domestic oil production is unlikely to keep pace with demand. India's rough production was only 0.8 million barrels per day. India's oil reserves, found in Bombay High off the coast of Maharashtra, Gujarat, Rajasthan and in eastern Assam meet 25% of the country's demand. [6] [7] A national level agency National Natural Resources Management System (NNRMS) was established in 1983 for integrated natural resources management in the country. What does the fall in crude oil price mean for India's economy? (Part 5 of 12) (Continued from Part 4)Production. India produces a little under a quarter of its crude oil demand.

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