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India's energy needs to gallop

 

PUJA AWASTHI | New Delhi, January 30, 2014 17:37
Tags : India | Energy |Global Energy |Russia | China | Brazil |OECD |BRIC |
 

ndia’s energy consumption will rise by 132 per cent by 2035, outpacing demand growth in Russia, China and Brazil, according to BP’s Global Energy Outlook.India’s energy production will rise by 112 per cent (from 344 million tonnes oil equivalent in 2012 to 729.4 million tonnes in 2035) while consumption will grow by 132 per cent. That will make India the world’s third largest energy consumer in the next seven years with energy demand rising from 563.5 million tonnes oil equivalent to 786.1 million tonnes by 2020 to 1307.5 million tonnes by 2035. While this growth outpaces each of the BRIC countries, it is almost double the non-OECD aggregate of 69 per cent. According to BP, India’s energy intensity is 32 per cent lower than today’s level compared to a BRIC average decline of 46 per cent. Despite slower intensity improvement, per capita demand is 60 per cent below the BRIC average. India has a challenge ahead.

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Issue Dated: Feb 5, 2017