Greater Noida : With India expected to become world's third largest energy consumer by 2020, Prime Minister Manmohan Singh today said adequate energy supply at affordable price is critical for economic growth.
Speaking at Petrotech 2014 Conference, he said India, which is currently world's seventh largest energy producer accounting for 2.5 per cent of world's total annual energy production, “needs to increase its energy supply by 3 to 4 times over the next two decades”.
Stating that India seeks clean and affordable energy, he said: “Adequate supply of energy at affordable prices is critical to our economic growth.”
As India configures its policy framework to get back to the high growth rate trajectory, the development of energy sector and oil and gas exploration space must be given particular attention, he said.
