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Energy Demand Scenario in India to Witness a Northbound Trend

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India's energy consumption grew at 7.1 per cent in 2014-15, the highest rate of increase among major economies, while energy production rose by 4 per cent to record the fastest pace in five years, according to BP Plc's Statistical Review of World Energy said on Wednesday.

Source: ET

SNP Insight

As Indian economy show an upward growth also its energy consumption touches a new record increment of 7.1% from previous financial year. With India targeting GDP growth of 9-10% in coming years, the energy demand may increase 8.5-9.5%. To cater these demands India need economical and reliable source of energy. With huge thermal coal potential, India may hugely rely on coal based energy source in future. With declining performance of oil & gas sector and increase in coal production may open new investment opportunity for the investors to invest in coal sector. Also government’s push in renewable sector also creates opportunity in the non-conventional energy sector.

Source: SNP Infra Research