Bold Reforms Have Put India Firmly On Growth Path: OPEC

Bold Reforms Have Put India Firmly On Growth Path: OPEC

India is experiencing some of the greatest structural changes as bold new reforms like note ban and GST have put the country firmly on a sustainable growth path, oil cartel OPEC’s Secretary General Mohammed Barkindo said on Tuesday.

Speaking at the India Energy Forum by CERAWeek, he said the country’s expanding middle class represents a growing source of demand, not just for energy but for goods and services from around the world.

“India’s economy has been experiencing some of the greatest structural changes in a generation. A slate of bold new reforms, embarked upon under the visionary leadership of Prime Minister Modi, has put the country firmly on a sustainable dynamic growth path particularly when it comes to energy,” he said.

Reforms, including demonetisation policy, the Goods and Services Tax (GST), and efforts to diversify the energy mix have all been designed to move the country toward sustainable growth and stability, he said. Read More…

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