ONGC will remain the flag bearer of the country on energy front
Dalal Street Investment Journal|August 01, 2022
Dr. Alka Mittal CMD Oil and Natural Gas Corporation Ltd
ONGC will remain the flag bearer of the country on energy front

What is your outlook on the Indian energy sector? Can you highlight the emerging trends you are witnessing in the post-pandemic world? 

India is the world’s third-largest energy consumer, behind China and the US. In the coming decades, while China’s economic model of expansion is expected to move away from manufacturing to services, India is expected to see more buoyant demand growth. 

Energy consumption in India has doubled since 2000, due to the growing population, rapid industrialization and large-scale urbanization. In the preceding two decades, the country’s primary energy consumption growth has been quite impressive – energy consumption grew by 5.05 CAGR during 2000-2019, more than double the global energy demand growth of 2.08 CAGR. 

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