<title>Articles
Vol. 04 (01), December, 2023, pp. 80-85

ENERGY SECURITY IN INDIA

Satyajit Roy 1*, Souvick Chakraborty2, Sachindra Nath Saha3, Subhajit Roy4, Bisnu Mahato5

Abstract

India is a country with more than 1.4 billion people accounting for more than 18% of world's population. India has 28 states and 7 union territories. It faces difficulty in providing adequate and sustainable energy supplies to users at a reasonable cost. It is anticipated that India's nominal GDP will exceed US $3 trillion by March 2020. The annual growth rate of nominal GDP during the period is stupendous 7.2%. Energy Security has long term aspects in a country's economy and growth. Integrated Energy Policy Report of Planning Commission of India, 2006, estimate the country is to progress on the path of this sustained GDP growth rate during the next 25 years, it would imply quadrupling of its energy needs over 2013-14 levels with a six-fold increase in the requirement of electricity and quadrupling in the requirement of crude oil. India has one of the world's fastest growing energy markets and is expected to be the second largest contributor to the increase in global energy demand by 2035, accounting for 18% of the rise in global energy consumption. India has increasing energy demands and depleting fossil fuel reserves, the country has aimed to expand its renewable and nuclear power industries.

Keywords

Energy Security, Energy demand-supply, Renewable energy, Dependency, Growth, Power Generation.