In a public speech on Monday, Niti Aayog Chief Executive Officer (CEO) Amitabh Kant shared a perspective on the future of India’s energy sector and prescribed a few radical reforms for the country to leapfrog to a 9-10 per cent growth rate. Edited excerpts..
Urbanization a challenge
If India has to grow at 9-10 per cent in the coming three decades, it is not possible without energy. The critical challenge will be the challenge of urbanization. If you look at various studies, in the next four to five decades, India will see close to 700 million people shifting towards urbanization. Every minute there are 30 Indians getting into the process of urbanization.
When America and Europe urbanized, land, gas and water was cheaply available and therefore the American economy could create cities like Atlanta where 99.7 per cent of the population travel by cars, nobody cycles, nobody walks and the American car companies bought over railway companies and destroyed them so that cars could sell. Read More