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This is an archive article published on December 5, 2016

India’s economy expected to grow five fold by 2040: PM Modi at Petrotech event

PM Modi added that growth was expected in various sectors including manufacturing, transport and civil aviation.

narendra modi, pm modi, petrotech, petrotech 2016, oil and gas conference, delhi petrotech conference, modi speech petrotech, sustainable energy, india growth Prime Minister Narendra Modi speaking at Petrotech-2016 inauguration event. ANI photo

Prime Minister Narendra Modi on Monday said that India’s economy is expected to grow five fold by 2040 while speaking at the inauguration of Petrotech-2016 in New Delhi. “While global economy goes through uncertainty, India has shown tremendous resilience. Foreign Direct Investment (FDI) is at the highest,” the PM said.

PM Modi added that growth was expected in various sectors including manufacturing, transport and civil aviation. “Sustainable, reasonably priced energy crucial for development,” he said.

Petrotech 2016 is the 12th International Oil and Gas conference and exhibition being held in New Delhi from December 5 to December 7.

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