TOWARDS GREENER PASTURES
India is set to witness a boom in the electricity sector. As things stand, India ranks third globally in both electricity production and consumption. However, our per-capita consumption is a shade over 1,200 kWh (kilowatt-hours), which is a third of the global average, a quarter of China’s and a tenth of that of the US. Moreover, India’s population is projected to increase by 270 million by 2040. And that will lead to a steep rise in economic activity as all these people will need homes, vehicles and several consumer goods. Our electricity consumption is likely to grow with rising economic activity, as studies show a strong historical correlation between the two.
The International Energy Agency estimates that to feed this demand, India will need to add a
