10 April 2017
India is on its way to becoming a global economic powerhouse, and energy will lie at the heart of this transformation.
The stakes could not be higher to bolster economic growth and enhance living conditions for this nation of 1.3 billion people, which uses just 6% of the world’s energy. Unreliable electrical supplies hinder India’s development. Further, India is home to eleven of the world’s twenty most-polluted cities, according to the World Health Organization.
Poor air quality and unreliable power supplies were identified as key issues in the International Energy Agency’s India Energy Outlook 2015 report. Furthermore, India’s growing dependence on fossil fuel imports, which account for around half of its energy consumption, is also raising new energy security concerns.