China is still dumping chemicals in India… even you still see all the Chinese products in India such as earphone, chargers, electric devices etc… now given that 80% phone is made in India : it will take time for Chinese market to be replaced by made in India product…
I don’t know the correlation between oil and infrastructure: I think you are talking about end usage of oil on various commodity elements such as cement etc used in infra, railway etc… I think this is one off, and not structural…
Structural stories that help get india to next level is telecommunication, digitisation, IOT, AI, chemical, pharma with novel synthesis, sustainability with green renewable, biotechnology, solar, wind…
Ultimately oil dominance will come about to a small part of economy soon… mostly it will be green sector that will contribute to economy energy factor… that is India will go green most by 2030 and that will even further reduce the cost pressure and tackle employment wage and inflation pressures going ahead…
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