Can ₹84,000 crore get India drilling?

In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:

1. Can ₹84,000 Crore Help India Find More Oil?

We’ll cover:

Why India’s domestic oil production is falling and what untapped reserves could mean.How the Samudra Manthan scheme plans to reduce exploration risks for companies.The challenges of offshore drilling, investment returns and the timeline for new oil production.

2. Why Is Rice Getting Expensive Despite Record Stocks?

We’ll cover:

How the weak monsoon could affect India’s rice production and food inflation.Why government buffer stocks aren’t effectively bringing down retail rice prices.How ethanol production and lower reservoir levels could affect future rice supplies.

Audio Timestamps

00:04 Intro

00:32 Can ₹84,000 crore find India more oil?

13:20 Too much rice, yet higher prices?

20:31 Tidbits