The oil and gas sector in India is one of the core industries and is closely related to the country's economic growth. With the increasing demand for oil and gas, the sector is conducive for investment, and the government has adopted several policies to meet the increasing demand. The sector has allowed 100% FDI in many segments, including natural gas, petroleum products and refineries, among others. The industry is expected to attract US$ 25 billion investment in exploration and production by 2022. India's crude oil production in FY22 stood at 29.7 MMT, and India is already a refining hub with 21 refineries.