PM Modi: Our energy sector will be growth-centric, investor-friendly

He said that while the coronavirus pandemic had led to global energy demand falling by a third, India was set to double its energy consumption over the long term.

Prime Minister Narendra Modi addresses the 4th India Energy Forum, in New Delhi, Monday. (PTI)

India is set to emerge as a leading energy consumer even as global consumption is set to contract, Prime Minister Narendra Modi said on Monday, noting that the country was on track to meet its renewable energy commitments. Speaking at the India Energy Forum by CERAWeek, he said that while the coronavirus pandemic had led to global energy demand falling by a third, India was set to double its energy consumption over the long term.

"Leading global bodies project that there will be a contraction in global energy demand over the next few years, but these agencies project India to emerge as a leading energy consumer. India is set to nearly double its energy consumption over the long term,” he said. The Prime Minister also said India would increase its domestic petroleum refining capacity from about 250 million tonnes per annum to about 400 million tonnes per annum by 2025."

View Video