Vol: 8, Issue: 3 2018

Page: 131-213

Power and Oil Sector in India: An Estimation and Analysis of the Key Influencer Impacting Energy, Production and Distribution Parameters With Respect to Socio Economic Progress and Changes in India

Rizul Gupta

Received Date: 2018-07-04

Accepted Date: 2018-08-01

Published Date: 2018-08-16

For a developing country like India, the energy security task is gigantic. India would need to sustain an economic growth rate of 8-10% over the next 25 years, in order to eradicate poverty and meet its human development needs. India is a hugely energy deficit country where half the population does not have access to commercial energy. Presently, India depends to the extent of 75% or more on imported crude oil. Energy security addresses not merely economic growth but also more basic human needs of sustenance and poverty eradication. India needs energy to fight poverty. Needless to mention that India’s energy consumption on per capita terms is amongst the lowest vis-àvis other fellow developing countries, not to mention developed countries.