Locator: 49692INDIA.
This popped up in Barron's yesterday, link here.
I don't invest in India, at least not directly. I focus on American companies that are investing in India or could benefit from India's growth and demographics, specifically Amazon, Microsoft, and Apple.
But I do have at least one reader who sends me updates with regard to India.
Updates
Later, 4:38 p.m. CT a reader asks -- will the new Indian refineries be optimized for light oil for for heavy oil? My reply:
India turning to US / western drillers only makes sense.
- Russia is unreliable and has limited growth capacity.
- China is even less reliable, has limited growth capacity, and will probably need any oil it has for its down domestic requirements.
- Mideast oil tends to be heavier, and India needs gasoline.
Original Post
For background, one may want to click on demographics India.
India is running out of coal: link to Haley Zaremba.
Just a few weeks ago Oilprice reported that India is nowhere near ready to kick fossil fuels.
As the country’s population continues to grow and more and more Indians join ranks of the middle class, the country’s energy demand is set to far outpace its renewable energy capacity. In fact, it’s going to take all of the fossil fuels as well as renewable energy the nation has just to keep up with demand.
Now, new reports are showing that as India’s economy recovers from the coronavirus pandemic and the nation eases restrictions, the nation’s energy demand has skyrocketed so quickly that India is scrambling to import coal as their own producers come up short.
Nearly a fifth of the entire global population lives in India. While the rate of growth has slowed down considerably in recent years, the subcontinent’s population continues to expand. What’s more, each year more and more Indians are enjoying more disposable income and access to goods and services than ever before, driving up the subcontinent’s voracious hunger for energy in any form.
“In fact, because India’s demographics are much younger compared to China and the US, India’s middle class could be the largest in the world (in terms of numbers of people) by 2025,” the Financial Express reported earlier this year.
At the end of the day, I think there are only two coal-exporting countries that can meet India's demand: Australia and the United States.
Futures: don't mean a thing, of course, but for the record, futures at 12:59 p.m. Monday, September 6, 2021 (yes, futures were traded through 1:00 p.m. ET on Labor Day):
Dividends: September is a big month for dividends. Some companies paying Tuesday, September 7, 2021:
Dividends: Some companies paying Friday, September 10, 2021: