Growing up - Rule changes help India's oil market act its size

By Nidhi Verma and Promit Mukherjee NEW DELHI/MUMBAI (Reuters) - Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer. Changes to import rules mean officials from India's state-owned oil refiners no longer have to stand in the corridors of the Oil Ministry waiting for government bureaucrats to approve their spot imports. This freedom allows state ref