Lecturrete Topic 21 - Can India Become Self Sufficient in Energy Resources

1. The energy policy of India is largely defined by the country's expanding energy deficit and increased focus on developing alternative sources of energy, particularly nuclear, solar and wind energy.
2. India ranks 81 position in overall energy self-sufficiency at 66% in 2014.
3. The primary energy consumption in India is the third biggest after China and USA with 5.5% global share in 2016.
4. India is the third top coal producer in 2013 with 7.6% production share of coal (including lignite) in the world.
5. Union Minister for Petroleum and Natural Gas, M. Veerappa Moily has said that India will become self-sufficient in the energy sector by 2030.
6. He said here on Saturday that the import bill for petroleum products was $160 billion now. Mr. Moily said it would come down by 50 per cent by 2020, 75 per cent by 2025 and stopped by 2030.
7. By 2017, India will receive natural gas from Turkmenistan through the Turkmenistan-Afghanistan-Pakistan-India pipeline.
8. With regards to Energy however, it makes sense to be self sufficient as Energy transfer from other economies is a very expensive affair.
9. Heck, it was impossible to transfer power from South India to other regions until a few years ago.
10. India being a diverse geography, has a lot of sources for almost every form of renewable energy including nuclear which is very promising at the moment.