py Energy and Economic growth coday, we cannot imagine the world without power. From a simple electric bulb to large tactorigs, everything relies on power to operate. This means that energy is a crucial inputor economic and social growth. In very simple words, as the supply of eneray is improved, more power reaches the people. This allows them to indulge info economically produstive activities, which improves the overall economic condition of the people. In fact, almost half of the industrial growth in today’s world is due to energy even though it takes up less than one-tenth share in the total cost of production. Growth in energy is believed to play a huge role in the increase in GDP too. In the 1970s in the USA, there was an acute energy crisis. At the same time, the economic growth slowed down, which is believed to have been a direct consequence of the eneray crisis. Hence, itis established that energy and economic growth are indeed interdependent on each other. Now, let's study its implications with respect to India Energy and Economic Development in ‘nce the 2000s, the energy consumption in India has more than doubled and the value con increasing year after year. India ranks third globally__ S2uree of pollution as wall. The government is making efforts to decrease our dependence on the {goal for power generation. 2, Water: There are various hydrothermal power plants in the country which supply power to numerous factories and households. The energy of high speed water is hamessed to spin the turbine that generates electricity. 3. Nuclear: Nuclear fission power plants are another major source of energy in the country. A nuclear Power plant has a high potential fo generate electricity. The energy generated from the process of nuclear fission (an atomic process in which one large nucleus is split nto high-speed small nucle’) can be used to generate electricity. 4. Wind and solar: These are renewable sources of energy. Since, both wind and solar are present abundantly in nature, they can never get exhausted and hence, we can ensure a lifetime supply of energy through these Role of Energy in India In the 1950s, the transportation sector utilised almost 44% of the country's power. It was the sector with the highest energy demand, Closely following it was the industrial sector which required high energy too. Back then, the demand from households was limited Jump to today, the percentage of the transportation sector has dropped to less than 5%. Industries utilise the highest percentage of power. The share of households has also increased significantly. The role of energy in India’s agricultural sector is also undisputed. It is used for various farm activities including, but not limited to, irrigation, storage, and operating farm machinery. In the success of the Green revolution, energy is the unsung hero The way forward Renewable Energreduce Our dependence on ¢o, trade deficit. A reduction inthe yan otto 8 trade repo um Products, hich would also lessen ou leficit is a positive sign of economic growth, Conclusion Energy makes people’ i in energy pee Be ese ee. their productivity also increases. Increase improves the living standards of lly accelerates economic growth but also every district of India for the e: People. The government envisions supplying eneray to relatonsnie eee ;conomic and social upliftment of the country. The: Whee aanaraee ay and economic development in India is not one-sided reer lappens, they more factories are set up, which need more, lence, as one increases, the other increases automatically. India's energy demand is growing, and the country is expected to be the world's largest economy with the fastest energy demand growth until 2050: Total energy consumption: India's total energy consumption in 2023 was 1.14 Gtoe, which is a 6.5% increase per year since 2020. Peak electricity demand: In September 2023, India's peak demand was 243,271 MWV, which is a 79% increase from 2013-14. Energy requirement: In 2023-24, India's energy requirement increased by 8.6% to 11,02,887 MU. Energy availability: In 2023-24, India's energy availability increased by 8.9% to 10,99,907 MU. Electricity generation: In 2023-24, India's total electricity generation, including from renewable sources, was 1176.130 BU, which is a 7.7% increase from the previous ‘eae sa ki India's per person energy consumption is close to the average in Southern ican countries, but well below the world average. 1 i m equirement is 277.2 GW and 1 for the year 2026-27 and GW and 2473. for 2 er 20th Electric