By Sanjib Pohit and Sameer Malik, The authors are Senior Fellow and Research Associate at National Council for Applied Economic Research, respectively
Issue - Changing World: Events That Matter
Date - 1st August 2018
Energy consumption in India has increased greatly since the 1980s, but domestic production has remained sluggish. Renewable energy now offers a remedy to the low domestic production levels.
Historically, there exists a significant positive association between the energy consumption and countries’ Human Development Index (HDI)—a composite indicator of human well-being (Pasternik 2000, International Energy Agency 2004). Countries with lower per capita energy consumption tend to have lower HDI; a higher HDI goes hand in hand with increased per capita electricity consumption (PCEC, kilowatt-hour). Once a country reaches a reasonably high level of HDI, its energy consumption will mainly depend on sectoral and geographical factors. Chidambaram (2001) observed that...