India spends billions on oil and gas imports, facing economic and geopolitical risks. Heat pumps offer a cost-effective, energy-efficient solution to reduce import dependence and boost energy security.

Every year, India spends hundreds of billions of dollars to import crude oil and natural gas. In the last financial year, the net oil and gas import bill was $117.5 billion, roughly equal to the gross state domestic product of Punjab. Oil and gas imports, therefore, do not merely drain foreign exchange; they also expose the Indian economy to global price shocks and geopolitical risks, which we have experienced vividly in the last few months because of the US-Iran conflict.