(IE)
India will be the “critical driver of demand” in the energy sector in the next 10-20 years, Union Petroleum Minister Hardeep Singh Puri said, adding that the measures the Indian government has taken during the pandemic, which includes steps for energy security, could ensure that the country achieves its $5 trillion economy target before 2025. Puri was addressing a ‘Commerce and Industry 2.0’ session at the India Ideas Conclave in Bengaluru.
“We have a problem in the short run…a global economy with $110 a barrel of oil is not sustainable. The inflationary situation in the US is at a 50-year-high, neighbouring countries are in trouble…yet (in) India, thanks to the very strong political leadership and farsightedness of our people, there’s no energy shortage here,” Puri said.
