Make in India and Future of Renewable Energy
9 Pages Posted: 27 Sep 2015
Date Written: September 26, 2015
India has become the third largest economy of the world on the basis of purchasing power parity and expected to continue its rapid stride in urbanization and economic development during the next 3-4 decades. India is to be expected to be the most populated country as well as the largest economy in the world by 2050. The total demand for energy is going to increase substantially even if we manage to maintain the present trend in per capita energy need for coming years. India needs to find out ways to ensure environment and energy sustainability without compromising its growth. The ‘Make in India’ program is going to further enhance the energy need of the country though it aims to attain ‘zero defect and zero effect.’ To attain zero effect we need to arrest CO2 emission by increasing dependence on clean and green technology not only in energy production but also in energy utilization. Present paper explore the possibilities to accomplish ‘zero defect and zero effect’ by changing the power generation mix and improving upon the daily life technology. The paper aims at working for finding the physics of sustainable energy to fulfill the growing needs of the worlds’ largest population with largest economy.
Keywords: Make in India, Zero Defect and Zero Effect, Fossil fuel, CO2 emission, Clean and Green Technology
JEL Classification: Q43, M19
Suggested Citation: Suggested Citation