Fueling India’s dreams ET-iconic
New Delhi   20-Aug-2018

Mr. Sanjiv Singh, Chairman, IndianOil, tells us how the company is driving on India’s burgeoning aspirations.

India aims to be a multi-trillion dollar economy by 2030. How can we fuel the country's energy aspirations?

India is the world's third largest energy consumer; however, in per capita terms, energy consumption in India at 637 kgoe/capita which is below its peers, be it China, Russia OR Brazil and is 1/10th of the levels in the U.S. Over the long-term, with rising energy demand emanating from GDP growth and the need to bring access to modern energy to millions of Indians, the growth rate of energy demand in India is projected to be more than thrice the average projected growth for global energy demand. Oil and gas will play a significant role in meeting the energy needs of the growing economy.

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