Energy Security in India: Challenges Ahead

Abstract

India is progressing at a very rapid rate. The markets are expanding, more and more people are moving to cities from villages, the industries are expanding. To sustain this rate of development India needs to fulfill its rising energy needs. Not only for development but energy security has now become a strategic commodity.  However, in practice the government is yet unable to fulfill the energy requirements of the country. The prime reasons behind it is the privatization of power corporations and faulty policy design. Ensuring energy security will create more jobs and ensure national security at the same time. The policy makers need to consider the global perspective of inter dependence of countries rather than a local approach. A string energy policy is the need of the hour. Moreover, the sources of energy should be as much possible as renewable to sustain in the longer run. Hence the roadblocks in the geopolitical system regarding energy sector needs to be removed for the progress of nation. Another possible solution could be adopting the decentralized model of power distribution. The present research paper highlights the scenario and challenges of energy security in India.