The Indian economy needs a balanced energy sector where growth in renewables is complemented by deeper invests in exploration and production, the IEA said. IEA Executive Director Faith Birol has wrapped up a meeting in New Delhi, which joined the group as an associate member last year. India has one of the fastest growing economies in the world. Its trade deficit hit $16.3 billion in January, the highest level in more than five years. Year-over-year, Indian imports of petroleum, crude oil and petroleum products increased more than 40 percent In a readout of his meeting, the IEA said Birol was supportive of broad-based overhauls to the energy sector in India. “His remarks covered the need for investment in […]