Energy Sectors Production Capabilities are Way Below as per Demand

With its increasing population, India is expected to take over China as the world’s most populous nation around 2025. This currently is creating a hoax over issues of energy empowerment in the country. With even basic amenities running on power sources, India’s power consumption is way over its production capability. After globalization the country has emerged as one of the most dynamic economic powers in the world. Yet there exist contradictions and complexities that posit considerable challenges to grasp the reality of India. Daily in latest news issues such as widening income gap between urban and rural areas comes flashing before us. As per current news government has aimed their priorities towards growth of energy sectors and the context of its energy issues. Breaking news of government achieving the goal of providing energy access to the entire population which was designed to provide amenities for poor resulted in a system of untargeted producer and consumer subsidies. This step prevents implementation of well-functioning and financially sound energy sector. In combination with an industrial policy that aims to protect the indigenous manufacturing industry through import substitution, India now finds itself trapped halfway along the transition towards an open and well-performing energy sector. Considerable socio-economic imbalances exist among Indian states. The Indian government as a whole plays an indispensable role in the energy sector through state-owned enterprises, public policy and market regulation, indirect guidance and personal networks. Several states in India are improving their energy production units from renewable energy sources. Recent example of Gujarat in current news, where solar panels were employed for generating power to the state is a good step taken forward by the state government. India’s energy sector is increasingly unable to distribute a secure supply of energy among growing demand and fuel imports. Earlier the emphasis of energy policy was mainly on electricity shortage and unsatisfied energy needs. However, increasing dependence on imported energy resources mainly oil, natural gas and coal has resulted in greater attention to the subject. State governments have shown considerable responsibilities in the energy sector, especially in the power sector. In conjunction with a rising subsidy level and systemic failure to ensure proper revenue collection along the value chain, the financial capacity of energy sector players is significantly undermined. Indian energy policy cannot be set in isolation and needs to account for rising global interdependence. Rapidly increasing energy demand and growing anxiety about economic and environmental consequences in breaking news call for valuable and systematic energy control in Latest India news.