The natural gas production in India is set to double over the next six to twelve months. This is expected to help India reduce the costly crude oil imports in a major way because many industries including power and fertilizer plants use crude oil based fuels currently. With more natural gas available, these plants will shift completely to natural gas and hence the demand for other fuels is expected to come down crashing in coming months. This will also help the country to save on precious foreign exchange.

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WTO talks are in total breakdown phase, with US directly accusing China and India for not being flexible on the subsidies front. Both China and India have been insisting that the US and the Western world of developed countries cut down their subsidies before they open their market for import of food items from these countries. US and Western countries have huge subsidies for their farmers which they do not want to touch.