India: Growing number of cars to have cascading effect on economy

NEW DELHI: With the growing number of vehicles in India and China set to heighten oil consumption in the region, the eventual fuel shortage would cause a cascading effect on the economy of the two countries, noted environmentalist Lester R Brown claimed here on Thursday.

“Oil production is declining and snowballing the rise in prices worldwide. At this juncture, if people here keep on turning to more cars and vehicles, it will cast a cascading effect on their economies,” Brown said.


The environmentalist was speaking at the launch of his new study “Plan B 3.0: Mobility to Save the Civilisation”.

Brown, who is also the President and Founder of US-based Earth Policy Institute, said, “the major share of global oil production is being used for transportation purpose. And as this demand is increasing day by day, it skyrockets the prices of both the oil and the commodities.”

He asked India and China to come forward to take up the responsibility of curtailing carbon emission to protect the environment.

The Economic Times