India is the fastest growing large economy in the world and the connection between energy consumption and economic growth cannot be overemphasised. Add to it the new demand the government has added through its schemes.
In the last four years, it has electrified more than 18,000 villages and is working on mission mode to give power connections to lakhs of households, which were not yet connected to the grid. The government is also aiming to achieve 100 per cent electrification of the Indian Railways by 2022.
The demand for electricity will only increase as India’s economy and population grow, with greater manufacturing capability and a more prosperous citizenry desirous of the many comforts of life.
Several studies have predicted that India’s electricity needs will rise some eight times by the middle of this century. Read More
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