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Iraq met nearly 13% of India’s crude oil requirements/imports last year.
Industrial profits continued to rise in the first five months but growth was slightly down from the Jan.-April period.
The Indian government needs to free utilities and regulators from external interference, says a new World Bank report.
Prime Minister Narendra Modi faces a slumping economy as rupee weakness raises the cost of oil imports and fuel subsidies.
Russian President Vladimir Putin has said Russia is interested in Chinese businesses' participation in developing the Far East.
Indian Prime Minister Narendra Modi has vowed to step up investment and clear regulatory hurdles for businesses in the country.
British Petroleum will now supply liquefied natural gas to China worth around $20 billion.
FDI into the Chinese mainland fell 6.7 per cent year on year to $8.6 billion in May.
On Monday, the rupee also hit a one-month low and weakened to 60.23 per dollar, its lowest level since May 6.
