India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian economy is projected to record a 7.7 percent decline in the financial year ending this month--the single largest drop in the nation’s history.
One sector that is ripe for foreign investment is India’s energy industry. The International Energy Agency, in its annual “India Energy Outlook 2021” report, remarked that “the scope for further…India Looks To Lure Energy Investors Away From China
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