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Energy Scenario under Indian Condition
- India ranks 6th in the world in total energy consumption and needs to accelerate the development of energy sector to meet 8-9% economic growth in the country.
- India though rich in coal and abundantly endowed with renewable energy has very small hydrocarbon reserves (0.4% of the world's reserve).
- India is a net importer of energy, more than 25% of primary energy needs being met through imports in the form of crude oil and natural gas.
- In energy production, coal and oil account for 54% and 34% respectively with natural gas, hydro and nuclear contributing to the rest. Industrial sector in India consumes 52% energy. Consumption of primary energy in India is 530 Kg of oil equivalent/person in 2004 compares to 1240 Kg oil equivalent/person in China and the world average of 1770 Kg of oil equivalent/person.
- Primary energy consumption per person will grow with the growth in economy because energy consumption is an index of country's economic growth and prosperity.
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