ARTICLE

Brief introduction

Despite India emerging as the third largest economy in the world in terms of purchase power parity, the country is still a low-income group economy and it has a long way to go to achieve at least the global average gross domestic product per capita income. It has to increase the per capita income substantially to improve the economic lives of its people. According to the International Monetary Fund, the country in terms of gross domestic product per capita ranks 139th among 182 countries considered. For increasing the per capita income, it is imperative for India to accelerate the economic growth and, for this, the country needs greater access to energy and especially the electric power. In the present day world, it is almost impossible to think of life without electricity. The International Energy Agency in its World Energy Outlook highlights that "Access to electricity is particularly crucial to human development as electricity is, in practice, indispensable for certain basic activities, such as lighting, refrigeration and the running of household appliances, and cannot easily be replaced by other forms of energy." Pointing out that energy is essential to operate a factory, run a shop, grow crops or deliver goods to consumers, the world energy outlook report adds that individuals' access to electricity is one of the most clear and un-distorted indication of the people's wellbeing and quality of life. According to the Executive Summary of the Power Sector Report of the Central Electricity Authority, Ministry of Power, all India per capita consumption of electricity during the year 2012 -13 was only 914 KWh. The International Energy Agency publication on World Energy Statistics 2013 places the country at the 110th position in the ranking based on per-capita consumption of electricity.

Client

CLient

Services

Services

Technologies

Technology

Dates

11/06/2017

Project description

Despite India emerging as the third largest economy in the world in terms of purchase power parity, the country is still a low-income group economy and it has a long way to go to achieve at least the global average gross domestic product per capita income. It has to increase the per capita income substantially to improve the economic lives of its people. According to the International Monetary Fund, the country in terms of gross domestic product per capita ranks 139th among 182 countries considered. For increasing the per capita income, it is imperative for India to accelerate the economic growth and, for this, the country needs greater access to energy and especially the electric power. In the present day world, it is almost impossible to think of life without electricity. The International Energy Agency in its World Energy Outlook highlights that "Access to electricity is particularly crucial to human development as electricity is, in practice, indispensable for certain basic activities, such as lighting, refrigeration and the running of household appliances, and cannot easily be replaced by other forms of energy." Pointing out that energy is essential to operate a factory, run a shop, grow crops or deliver goods to consumers, the world energy outlook report adds that individuals' access to electricity is one of the most clear and un-distorted indication of the people's wellbeing and quality of life. According to the Executive Summary of the Power Sector Report of the Central Electricity Authority, Ministry of Power, all India per capita consumption of electricity during the year 2012 -13 was only 914 KWh. The International Energy Agency publication on World Energy Statistics 2013 places the country at the 110th position in the ranking based on per-capita consumption of electricity.

Do you want to read more articles?