HSBC's Neumann Discusses India's Energy Strategy

July 6 (Bloomberg) -- Frederic Neumann, an economist at HSBC Holdings Plc, talks with Bloomberg's Rishaad Salamat about India's competition with China for natural resources. Indian Oil Minister Murli Deora traveled to Nigeria, Angola, Uganda, Sudan, Saudi Arabia and Venezuela this year, leading a record number of delegations to gain oil for the world’s third-fastest-growing major economy. The flurry of visits is part of a new drive to find oil for India’s 1.2 billion people after losing out to China in at least $12.5 billion of contracts in the past year. (Source: Bloomberg)