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Macro Indicators

Energy Dependency Ratio

Definition

A country-level indicator measuring the share of primary energy consumption sourced from net imports. Calculated as gross energy imports minus gross energy exports, divided by total gross inland energy consumption. Countries with ratios above 70% (India: ~88%) face structural external account vulnerability to energy price shocks and geopolitical supply disruptions.

Formula / Calculation

EDR = (Gross Energy Imports − Gross Energy Exports) / Gross Inland Consumption Expressed as a percentage


Why It Matters

India's Energy Dependency Ratio of ~88% means oil price spikes translate directly and rapidly into Current Account Deficit widening, INR depreciation pressure, and imported inflation — limiting RBI policy space. Every $10/bbl rise in crude adds approximately $15B to India's annual import bill.

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