Petrotech Expo: Energy demand expected to be more than double by 2040, says PM Modi

While addressing the public rally at Petrotech Expo- 2019 conclave, Prime Minister Narendra Modi said, "India is the fastest growing large economy in the world. Leading agencies such as IMA and World Bank project the same trend to continue in the coming years. In an uncertain global economic environment, India has shown tremendous reasons as an anchor of world economy." "India recently became the sixth largest economy in the world. According to a recent report, by 2030 India would be the second largest world economy. We are also the 3rd largest energy consumer in the world with the demand growing at more than 5% annually. India remains an attractive market for energy companies with energy demand expected to be more than double by 2040", PM added.