The primary aim of this article is to understand the working and mechanism of OPEC which completed its 60 years in 2020 and has been able to increase its importance manifold by coming together and forming a tight cartel over the global oil market.
Government is working on its import strategies reworking its import strategy by targeting various factors like Iran is also ready to trade with India in Indian currency itself.
India's SPR can also offer an opportunity to oil producing countries to leverage her geo-political location for improving their footprints in Southeast and East Asian countries in a much more economical way.
