Growth and Trend of Energy Consumption and Production in India

Abstract

Energy has become one of the key elements in the era of globalization driven economic growth. On one hand, growth of an economy, with its global competitiveness, hinges on the availability of cost-effective and environmentally benign energy sources, and on the other hand, the level of economic development has been observed to be reliant on the energy demand. Therefore, this paper explores the sources of energy production in India and analyses the growth and trend in energy production and consumption. Nonparametric techniques like Mann-Kendal and Sen’s slope technique has been used to analyse the trends. The study observes that though there is a sharp increasing trend of energy consumption in India, the production trend has been very dubious.

Keywords: Energy Production, Trends, Growth Rate

DOI: 10.7176/JETP/10-1-01

Publication date: January 31^st 2020