Panaji, Feb 6 : Prime Minister Narendra Modi on Tuesday said that India was among the few nations where 100 per cent electricity coverage was achieved by electrifying crores of houses thus deciding the direction of the world’s development.

PM Modi inaugurated the 'India Energy Week 2024' in South-Goa. Governor of Goa P.S. Sreedharan Pillai, Chief Minister Pramod Sawant, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri and Union Minister of State for Petroleum, Oil and Natural Gas, Rameswar Teli were present on the occasion. 

“Despite adverse global factors, India is among the few nations where petrol prices have come down and 100 per cent electricity coverage was achieved by electrifying crores of houses. India is not only meeting its needs, but is also deciding the direction of development of the world,” Modi said.  India Energy Week 2024 is India’s largest and only all-encompassing energy exhibition and conference, bringing together the entire energy value chain to catalyze India's energy transition goals. 

“This event is taking place when India’s GDP rate crossed 7.5 per cent in the first six months of the financial year, which is higher than the global growth estimate making India the fastest growing economy in the world,” he said.  He also mentioned the International Monetary Fund’s (IMF) prediction of similar growth trends in the future. “Economic experts around the world believe that India will soon become the 3rd largest economy in the world,” PM Modi said.