India is a Developing nation. Its per capita Energy Consumption is very low. To achieve Economic Growth, we need to & have to use more & more energy to increase the pace of development. We need to increase the manufacturing of good in Quality & Volume.
It is estimated that Industrial energy use in developing countries constitutes about 45-50 % of the total
commercial energy consumption. Much of this energy is converted from imported oil, the price of which
has increased tremendously so much so that most of developing countries spent more than 50 % of their
foreign exchange earnings. Not with standing these fiscal constraints, developing countries need to
expand its industrial base like us if it has to generate the resources to improve the quality of life of its
people. The expansion of industrial base does require additional energy inputs which becomes more &
more difficult in the present scenario. Click here to read more…
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