Assessment of Energy Infrastructure in India: Is it Sustainable …….
Keywords:Inflation, Energy , GDP
Energy is one of the important building blocks in human development and act as a key factor in determining the economic development of any country. To meeting the demands of a developing nation, Energy requirement in the Form of Coal, Gas, oil and most important Electricity is necessary. This paper attempts to present full picture of Indian energy sector which is growing rapidly. However since, resource allocation and growth in energy supply have failed to meet the demands exerted by the increasing population, rapid urbanization and growing economy. First we identify factor of energy shortage in India, forcing it to rely heavily on imports.
Second we develop a multiple linear regression model which includes all independent variables (Population, Inflation, and GDP) to determine energy consumption in India. India is a developing economy. Energy requirement in India are basically electricity, oil, coal, biomass and gas. India’s energy-mix comprises both non-renewable (coal, lignite, petroleum and natural gas) and renewable energy sources (wind, solar, small hydro, biomass, cogeneration biogases etc.). Based on these model we give conclusion such that which independent variable (population, Inflation and GDP) is more impacting coal, oil, gas and electricity consumption in India as well as Current patterns of energy use and assumptions about future trends in economic activity, we constructed an activity driven model to forecast what would be the natural short term evolution of energy use in India for each end use segment by. Through analysis of current patterns of energy use, drivers of energy use were collected at the sub-sector level. We connected drivers of model with evolution of GDP to determine what would be the impact of economic growth on drivers of energy use. It also includes fuel or technology switching in the forecast.
I. Garg A. and Gupta. S. (2020), High Speed Railway (HSR): India and the World Comparison of existing systems. International Journal of Innovative Technology and Research. Volume No.8, Issue No.4, 9516-9530.
II. Gupta K. and Gupta T. (2018). Durkheim's Theory of Anomie and the 2016 American Election, Journal of Global Economy, Research Centre for Social Sciences, Mumbai, India, vol. 14(1), 28-39.
III. Gupta, S. (2016). Factor Analysis in holistic approach for Project Performance framework of Oil and Gas projects in India, International Research Journal of Social Science and Management, India, vol. 2(1)
IV. Gupta, S. , Pahwa, M. S. and Gupta A. (2013). Innovative Price Adjustments Technique for Thermal Coal: A Study of Operation Function under changing Techno Environment. Global Journal of Management and Business Research, Apr. 2013. ISSN 2249-4588.
V. Gupta, S. and Gupta,T. (2012). Enhancing Marginal Field Development Economics: Leasing Operated Production Facility Approach, Journal of Global Economy, Research Centre for Social Sciences, Mumbai, India, vol. 8(1), pages 63-71, March.
VI. Gupta, S. and Sharma R.K. (2012). Pricing and Taxation in Oil and Gas Sector: A study with special reference to ONGC. Journal of Global Economy. Research Centre for Social Sciences, Mumbai, India, vol. 8(3), 233-260.
VII. Gupta, S. and Verma, R. (2008, May), Changing Paradigm in Indian Banking. Professional Banker , 21-2.
VIII. Gupta, S, and Verma , R (2008)Comparative Analysis of Financial Performance of Private Sector Banks in India: Application of CAMEL Model, Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 4(2), pages 160-180, June.
IX. Gupta, S. (2013) Accounting and Assessment of Capital Expenditure of New Feeder Airport in India: A Case Study of Idukki Airport, IBA Journal of Management and Leadership, Vol 5(1), July 2013, ISSN 2230 – 7524
X. Gupta, S, (2018) Antidisestablishmentarianism in the American Election: The Rise of Donald Trump and Far Right Parties in Europe, Identity Politics in the light of Niccolo Machiavelliâ€™s Treatise â€“ â€˜The Princeâ€™ , Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 13(4), pages 25-267, May 2018
XI. Gupta, S. (2017). Financial Intelligence. Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India,Vol 13(3), Nov 201
XII. Gupta, Sumeet ( 2013)Techno-Economic Evaluation of Exploration & Production," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 9(2), pages 153-171, June.
XIII. Gupta, S., & Srivastava, S. (2016). Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India, Journal of Global Economy, 12(3), 205-214
XIV. Jayaraj, R ., & Gupta, S. ( 2011) "An Empirical Analysis of the Impact of Foreign Direct Investment on Economic Activity of India," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 7(2), pages 100-120, June
XV. Gupta, S. ( 2009) "Pre and Post Merger Valuation- A Study of Tata Corus Merger Deal," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 5(4), pages 299-319, December.
XVI. Gupta, S., & Sacchar, S. (2017). Cost Optimization of Warehousing Operations in FMCG: An Analytical Study of Supply Chain. Journal of Global Economy, 13(3), Nov 2017
XVII. Gupta, S. (2021). FUNDAMENTAL & TECHNICAL ANAYSIS OF CRUDE OIL PRICES. Journal of Global Economy, 17(1), 3-20, April 2021
XVIII. Kaushal, Ajit. & Gupta, S.(2014). Confidentiality in International Commercial Arbitration: Presumption and Reality, IUP Law Review, 4(2), 33-40, April 2014
XIX. Gupta, S. (2021) “Analytical Study of General Insurance in India”, Journal of Global Economy, 17(2), pp. 115–129.
XX. Gupta, S. (2021) “FUNDAMENTAL & TECHNICAL ANAYSIS OF CRUDE OIL PRICES”, Journal of Global Economy, 17(1), pp. 3–20.
XXI. Gupta, S. & Agrawal, A., 2021,” ANALYTICAL STUDY OF FINTECH IN INDIA: PRE & POST PANDEMIC COVID-19,” 71 Indian Journal of Economics and Business, Vol 20 No 3 ,pp 33-71
XXII. Gupta, S. & Kadyan, S; Bhasin, K.N, 2021, “Analytical Study of Behavioral Finance In Bank Merger: Impact of Digitalization”, Academy of Accounting and Financial Studies Journal, Vol 25 No 3, pp 1-17
XXIII. CEA-Central Electricity Authority,2012,Electricity Consumption and Generation Full Report
XXIV. EIA, 2012.. International Energy Outlook 2010.. U.S. Energy Information Administration.
XXV. Econostats,2013,World Economic Outlook (WEO) data, IMF
XXVI. Hrushikesh Mallick, 2005.. EXAMINING THE. LINKAGE BETWEEN ENERGY CONSUMPTION AND, ECONOMIC GROWTH IN INDIA,, Centre for Development Studies (CDS), India
XXVII. MARTIN FISCHER 2009, MODELLING AND FORECASTING ENERGY DEMAND:PRINCIPLES AND DIFFICULloCarol Dahl, Energy Demand And Supply Elasticity,, Energy Policy
XXVIII. Mospi, 2013, CENTRAL STATISTICS OFFICE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION GOVERNMENT OF INDIA NEW DELHI
XXIX. Neils Bohr- (Nobel Laureate Physicist), Demand Forecasting for Electricity
XXX. Nisha Bhargava,Shakuntala Gupta,2007.Power Scenario of Punjab with special reference to Forecasting and Management. Indian Management Studies Journal 11(2007)
XXXI. P.Garg, 2012, Energy Scenario and Vision 2020 in India, Journal of Sustainable Energy & Environment 3 (2012) 7-17
XXXII. R.D.Sharma,S.jain,K.Singh.Growth rate of Motor Vehicles in India Impact of Demographic and Economic Development. Journal of Economic and Social Studies
XXXIII. Subhes C. Bhattacharyya,Govinda R. Timilsina,2009, Energy Demand Models for Policy Formulation,A Comparative Study of Energy Demand Models,
XXXIV. Z. Ismail,A.Yahya,A.Shabri 2009, Forecasting Gold Prices Using Multiple Linear Regression Method, American Journal of Applied Sciences 6 (8): 1509-1514, 2009
XXXV. R. Jayaraj & Sumeet Gupta, 2011. "An Empirical Analysis of the Impact of Foreign Direct Investment on Economic Activity of India," Journal of Global Economy, Research Centre for Social Sciences, Mumbai, India, vol. 7(2), pages 100-120, June.
XXXVI. Sandhya, S., & Parashar, N. (2020). An index to study corporate governance in banks in India. Corporate Governance and Sustainability Review, 4(2)
XXXVII. Prudhvi, S., & Bhattacharya, M. (2020). Shadow banking in India. Corporate Governance and Sustainability Review, 4(2), 30-39
XXXVIII. Harada, K. (2018). Pre- and post-merger performances of Shinkin banks in Japan. Corporate Governance and Sustainability Review, 2(2), 13-29
XXXIX. Lazarides, T. (2017). Performance of European banks: Crisis, corporate governance and convergence. Corporate Governance and Sustainability Review, 1(2), 43-49
XL. Gelmini, L. (2017). Islamic banks: Sustainability, integrated reporting and religion. Corporate Governance and Sustainability Review, 1(2), 35-42
XLI. Sacco Ginevri, A. (2017). Sustainable governance and regulation of banks and public companies: A study of the concept “acting in concert”. Corporate Governance and Sustainability Review, 1(1), 42-50.
XLII. Iswaissi, H., & Falahati, K. (2017). Challenges to corporate governance practices: Case study of Libyan commercial banks. Corporate Governance and Sustainability Review, 1(1), 33-41
How to Cite
Copyright (c) 2021 Journal of Global Economy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.