2023 POWERING THE FUTURE: INDIA'S POWER SECTOR OUTLOOK
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- Industry Report
- 2023 POWERING THE FUTURE: INDIA'S POWER SECTOR OUTLOOK
It is self-evident that power is an integral element of infrastructure. Both studies in development studies and empirical cross-country evidence unmistakably demonstrate that adequate, reliable and quality power is a pre-requisite to the sustained growth and transformation of the Indian economy. One of the basic axioms of India’s power industry has been to provide universal access to affordable power in a sustained manner.
India has emerged as a significant player in the global energy economy. Amid the world's efforts to address the issue of climate change, India is dedicated to diminishing its carbon emissions in conformity with the global endeavour to address this issue. India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power, to viable non-conventional sources such as wind, solar, agricultural and domestic waste.