India’s energy demand on rise
The Indian economy has continuously recorded high growth rates and has become an attractive destination for investments. It’s this superlative growth that has been driving up energy demand in all sectors. For instance, at present, more than 45% of total final energy in India is consumed in the building sector. This share is expected to go up manifold as real estate boom in India continues to surprise the world.
Vehicles add to the burden
India’s vehicle fleet too is likely to grow six-fold to about 380 million vehicles, including two-wheelers, by 2030. With this growth, India’s total energy demand is likely to increase manifold. Meeting this demand would mean that India’s share of world energy consumption would rise significantly, and thus India would have to find and secure energy resources much faster than other countries.
The Indian economy has continuously recorded high growth rates and has become an attractive destination for investments. It’s this superlative growth that has been driving up energy demand in all sectors. For instance, at present, more than 45% of total final energy in India is consumed in the building sector. This share is expected to go up manifold as real estate boom in India continues to surprise the world.
Vehicles add to the burden
India’s vehicle fleet too is likely to grow six-fold to about 380 million vehicles, including two-wheelers, by 2030. With this growth, India’s total energy demand is likely to increase manifold. Meeting this demand would mean that India’s share of world energy consumption would rise significantly, and thus India would have to find and secure energy resources much faster than other countries.
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IIPM: Indian Institute of Planning and Management
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IIPM : The B-School with a Human Face