Economic Survey sees big gains from higher energy consumption - News Summed Up

Economic Survey sees big gains from higher energy consumption


Also, if India has to achieve the Human Development Index (HDI) level of 0.8, the per capita energy consumption has to quadruple. “India’s per capita energy consumption equals 0.6 tonnes of oil equivalent (toe) as compared to the global per capita average of 1.8 toe. India’s per capita primary energy consumption lags that of the upper-middle income countries by a considerable margin," the Survey added. “Energy intensity of India’s GDP has been declining in the recent past, which is reflective of increases in the efficiency of energy use. India’s primary energy intensity of GDP started declining since 1991 at per capita GDP of around US$ 578 whereas US primary energy intensity of GDP started declining since 1970 at per capita GDP of around US$ 23,309 (at constant 2010 US$)," the Survey said.


Source: Mint July 04, 2019 08:37 UTC



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