| Summary/Abstract |
Energy security shall remain an inter-play of demand and supply scenarios, which in themselves are influenced by a number of factors which need careful evaluation and consideration over the long-term. India has presence of dynamic private sector and a burgeoning middle class, however it faces growing challenges to maintain its economic growth. In the first quarter of 2012, the Indian economy grew by 5.3 per cent, which is the lowest in the past ten years. With increase in trade and budget deficits, there are challenges associated with a depreciating currency. To continue with the economic growth an accelerated transition to an energy sector based on market economy is the call of the hour.
|