EMEs also need to explore alternatives to reduce dependence on conventional energy sources, and give greater focus on renewables and energy efficiency. The International Solar Alliance, with its headquarters in New Delhi, is a vivid example. It seeks to provide a dedicated platform for cooperation among financial and solar resource rich countries so that the global community benefits from the use of solar energy.
11. In closing, let me say a few words about India. Real GDP growth is expected to clock 7.2 per cent during 2019–20, the fastest among large economies of the world, growing by an average rate of around 7.5 per cent in recent years.