Prime Minister Narendra India on Monday attended the Petrotech 2019. Addressing the summit, PM Modi said that, “India is the fastest growing large economy in the world. Leading agencies such as the IMF and the World Bank project the same trend to continue in coming years. In an uncertain global economic environment, India has shown tremendous reasons as an anchor of world economy.” He also said that energy is key driver of socio-economic growth. “Energy justice is also a key objective for me and a top priority for India. Towards this end, we have developed and implemented many policies. The results of these efforts are now evident,” PM Modi said.
“For too long, the world has seen crude prices on a roller-coaster. We need to move to responsible pricing, which balances the interests of both the producer and consumer,” he added. “India remains an attractive market for energy companies with energy demand expected to be more than double by 2040,” the Prime Minister said.
Taking about danger of climate change, the Prime minister said that, “there are signs of convergence between cheaper renewable energy, technologies and digital applications. This may expedite the achievement of sustainable development goals. Nations are coming together to tackle climate change.”