India’s economic growth is linked to the fortunes of the energy sector7 min read 18 Jan 2017, 01:09 AM IST
India's potential clearly positions us as the leading global driver of growth in energy consumption in the next 20 years, possibly surpassing China in the process
India is firmly set on a path of economic growth that is estimated to usher in prosperity like never before. This economic prosperity will need to be built on the back of significant transformations across several facilitating elements, the primary ones being infrastructure build-out, energy availability and sustainability. India’s per capita energy consumption currently is almost one-third the global average, and trails far behind the mean figure for the developed world. Our energy consumption is largely based on coal, along with a preponderant dependence on other fossil fuels. Although per capita energy consumption has more than doubled over the past 15 years, almost 240 million people do not have access to affordable energy supply today.