Analysis Report on Indian Energy Sector | July 2021
The energy sector is the core of the economic development and industrial growth of a country. It provides fuels to the necessities of human lives. This sector includes all the corporations or companies which work in the production or supply of non-renewable and renewable sources of energy such as fossil fuels, solar power, wind energy, etc.
In the economic landscape of India, energy is one of the most vital sectors as there is large demand due to rapid economic, industrial, and economic development. The rise in income and high rate of rd urbanization are some of the main reasons for the rising energy demand and thus India stands as 3 largest energy-consuming country in the world. The energy consumption is expected to increase by 4.5% annually by 2035. Here the demand is going to rise in all the four major energy-consuming sectors i.e. industry, transport, agriculture, and household.