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.

• By: Express Web Desk
• New Delhi | Updated: December 5, 2016 10:12 AM IST
1 min read

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.

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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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