India's Natural Gas Production: A TurnaroundFinancial Year Total Gas Production Change (%) Offshore Production Onshore Production 2011-12 47.55 (8.92) 38.47 9 2012-13 40.67 (14.46) 31.80 8.87 2013-14 35.40 (13) 26.39 9.01 2014-15 33.65 (5) 24.86 8.79 2015-16 32.24 (4.19) 23.01 9.23 2016-17 31.89 (1.08) 22.03 9.85 2017-18 32.64 2.35 22.01 10.63
All Figures in Billion Cubic Meter (BCM)
Source: Ministry of Petroleum and Natural Gas (MoPNG)
Onshore Production Growth Rate Analysis
The question asks to identify the year with the highest growth rate in onshore production among the given options.
Objective and Methodology
- The goal is to calculate the year-over-year percentage growth in onshore production for the periods relevant to the options provided.
- The formula for calculating the growth rate is:
$ \text{Growth Rate} = \frac{\text{Production}_{\text{Current Year}} - \text{Production}_{\text{Previous Year}}}{\text{Production}_{\text{Previous Year}}} \times 100\% $
- This calculation needs to be performed for each potential growth period ending in the years listed in the options (e.g., 2015-16 growth is calculated using 2015-16 and 2014-15 data).
Growth Rate Calculation and Identification
To determine the highest growth rate, we would compare the calculated percentage increases for the following periods:
- Growth rate for 2012-13 (compared to 2011-12)
- Growth rate for 2013-14 (compared to 2012-13)
- Growth rate for 2015-16 (compared to 2014-15)
- Growth rate for 2016-17 (compared to 2015-16)
By calculating the growth rate for each of these periods using the specific onshore production data for those years, we can identify the period with the maximum percentage increase.
Conclusion on Highest Growth
Based on the comparative analysis of the calculated growth rates for each financial year, the year 2016-17 showed the highest growth rate in onshore production.
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