Introduction
Objective
This paper aims to address the causes of India’s current energy problems and to suggest additional solutions, on top of the current measures taken by the Indian government to address these issues. At the same time we hope to justify our solutions by considering their efficiency and feasibility, while also identifying their possible limitations. We begin the paper by giving a brief background of the current energy situation in India, before moving on to examine the plausible causes of the issues at hand. We then will move on to discuss the current measures taken by the Indian government and weigh in on their impact on the problem thus far. After our assessment of the government solutions, we will then propose possible implementations to help resolve the energy problem in India, and discuss on how we can overcome the limitations of our proposals.
Background
India has a population of around 1.2 billion people and is one of the largest economies in the world. The development and emergence of India’s economy in the global market has proved to be a double-edged sword. While the overall standard of living has increased, so has the demand for energy and electricity in this growing nation (India Energy Portal, n.d.). As the economy grows, the energy requirements that are needed to sustain its growth as well to provide the basic form of utility to her people has increased multi-fold (India Energy Portal, n.d.). In recent years, the Indian government has been trying to find solutions to increase energy production so as to satisfy these rapid demands. As markets become more globalised and interdependent on each other, an energy crisis, which may result in severe consequences on the economy, in a country with an economic stature such as India, can result in a domino effect and affect others, especially those with close trade links (Elliot, 2013).
Currently, electricity in India is
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