India needs market-based energy pricing to meet vast needs: PM
With India expected to become world’s third largest energy consumer in seven years, Prime Minister Manmohan Singh on Tuesday said market-based pricing and technology are essential for meeting the nation’s needs in this regard.
Speaking at the 8th Asia Gas Partnership Summit here, he said India, which currently is world’s seventh largest energy producer, “needs to increase its energy supply by 3 to 4 times within next two decades.”