This visionary and thought-provoking study is a must read for political leaders, policymakers, business executives, and leaders of civic society interested in India's long-term development. It presents a much needed longer term vision of Indian society and economy within which today's policy debates and actions must be anchored. The volume presents a persuasive case that if India succeeds in sustaining its recent economic success over the longer term (as many East Asian economies have done in the past), India can realistically aspire to become an affluent society within one generation. The study is being released just as the new Indian government is taking office in a political environment that presents a truly unique opportunity to put India into a longer term sustained growth trajectory with financial stability.
Chapter 10: Energy and Sustainability in Affluent India: Unleashing an Energy Revolution
Energy and Sustainability in Affluent India: Unleashing an Energy Revolution
[Page 178][Page 179]The International Energy Agency (IEA) refers to India as a slumbering giant who will soon awaken with a ravenous thirst for energy. In 2005, India's total primary energy demand was 537 million tons (Mtoe) of oil equivalent, roughly equal to that of Japan. While India's current energy consumption rate is considered inefficient, the most serious concern, in lieu of its rapid economic growth, is its future energy demand. Because of its sheer size, India's future energy needs will have a substantial impact on world energy markets, while also increasing India's exposure to the market's instability.
India is facing unprecedented challenges in the energy sector, which ...