INDIA’S ENERGY IMPERATIVES: MACRO AND REGIONAL DIMENSIONS

Energy has a significant influence on the process of development in modern times. Accessibility to affordable and reliable energy is a must for production process and is indispensible for maintaining the growth momentum of an economy. The present paper focuses on the current and future energy demand scenario with special reference to India. Focusing on the importance of energy for development, the paper starts with a discussion on global energy outlook with special reference to Asia and two of its fastest emerging nations; India & China. Starting from a macro point of view with the analysis of demand for energy across different regions of the world, the paper has made a micro level discussion on energy imperatives for the Indian economy and also the impact of energy situation on regional development. Sectoral energy scenario has been discussed in detail so as to give some insights to the policymakers for future.