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OPEC estimates India to be the fastest-growing economy in 2021

in Business June 24, 2021 Comments Off on OPEC estimates India to be the fastest-growing economy in 2021 295 Views

Newdelhi:24/6/21:Minister of Petroleum and Natural Gas and Steel Shri Dharmendra Pradhan today held a high-level consultation meeting with OPEC Secretary-General H.E Dr. Mohammed SanusiBarkindo. Shri Pradhan flagged concerns over the increasing crude oil prices and their impact on consumers as well as on smart economic recovery. He emphasized that high crude prices are adding significant inflationary pressure on India.

Both sides discussed recent oil market developments, trends in oil demand recoveries, economic growth forecasts, and overcoming energy challenges among other issues of mutual interest. Shri Pradhan reiterated his request of phasing out production cuts and also emphasized that crude prices should remain within a reasonable band, which will be in the collective interests of both consumers & producers and will encourage a consumption-led recovery.

Shri Pradhan conveyed his deep appreciation to OPEC, Secretary-General HE Dr. Barkindo, and to key partner countries—Saudi Arabia & the UAE, for their support to India during the second wave of the Covid pandemic, especially with supplies of medicines, ISO containers, LMO and vital petroleum products. He expressed happiness on OPEC’s analysis which shows that India will be the fastest-growing emerging market economy in 2021.

India has been expanding technical cooperation, exchange of experts and other collaborations with OPEC since the first High-Level OPEC-India Energy.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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