PM calls for responsible pricing for affordable energy to all
Addressing the International Energy Forum in Delhi, PM Narendra Modi on Wednesday called for reasonable and responsible pricing to provide easy access to affordable energy to all. In the presence of oil cartel OPEC kingpin Saudi Arabian Oil Minister, Khalid A. Al-Falih, Modi said efforts at artificially distorting prices were self-destructing. It is in the interest of oil-producers that consuming markets grow, Modi said.
India achieved high growth rate with low inflation
Access to clean, affordable, and sustainable supply of energy is key, he said, pitching for responsible pricing of oil and gas. The Prime Minister also said India has achieved high growth rate with low inflation. Stating that energy consumption has shifted to non-OECD countries, he said India will be a key driver of energy demand in the next 2-5 years.
