President Obama praises PM Modi for India’s economic growth

INTERESg20Making an intervention during the G20 Summit in Antalya, US President Barack Obama hailed India’s economic growth under the leadership of PM Narendra Modi and its focus on renewable energy.

Obama said the Modi government’s plans for scaling up use of renewable energy combines a concern for environment and opportunity for furthering global growth through fresh investment in renewable energy.

In his intervention Modi said there is global consensus on the need to address climate change and stable global economic growth requires capital flows and also efforts to facilitate labour mobility and skill portability, and India’s economic growth is likely to grow at 7.5 percent this year and achieve a growth rate of 8 percent plus next year.