NEW DELHI: In a recent address at the Federation of Indian Petroleum Industry (FIPI) Awards, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri on Tuesday highlighted the significant achievements and future goals of India's energy sector. His speech underscored the pivotal role of energy in India's economic growth and the nation's ambitious vision for a sustainable energy future.
The minister emphasised that India has emerged as one of the world's largest energy consumers, with daily crude oil consumption increasing from 5 million barrels in 2020 to 5.4 million barrels currently. India's share in global energy demand is expected to rise significantly, contributing at least 25 per cent of the increase over the next two decades. This surge in demand is closely tied to India's economic trajectory, with energy being the "vertebrae" of economic growth, essential for transitioning from a $4 trillion to a $10 trillion economy.
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