With the promise to bring electricity to every home in the country, the government continues to accelerate capacity addition in the country. India is third in the world for primary energy consumption after China and the United States, consuming about six percent of the global primary energy. ...
government consumption: 11.3% (2017 est.)investment in fixed capital: 14.5% (2017 est.)investment in inventories: 1.6% (2017 est.)exports of goods and services: 8.2% (2017 est.)imports of goods and services: -17.6% (2017 est.) Gross national saving 29.1% of GDP (2019 est.)31.1% of...
All five-year plans and interregnums planned and executed by the Government of India gave priority to power sector in setting up hydro, thermal, and nuclear plants in a phased manner. Nonetheless, the imminent global warming threats have forced every nation to relinquish non-renewables and look ...
India’s government has gone back and forth on whether it willintroduce a mandate for certain industries— such as oil refining, fertilisers, steel and cement — to use a minimum percentage of renewable H2or ammonia in their overall consumption. However, a firm decision is yet to be made, w...
India's Oct-Dec GDP Growth Seen Stronger on Improved Rural Demand, Government Spending More Reuters FILE PHOTO: Labourers work at a construction site of the Ahmedabad-Mumbai High Speed Rail corridor in Ahmedabad, India, May 31, 2023. REUTERS/Amit Dave/File Phot...
In 2023, CRU forecast India’s electricity demand to grow by 6% y/y, while coal fired generation will grow by 4% y/y. To avoid the repeat of coal shortage and power cuts situation of 2021, the government is planning to build up coal stocks at power plants to 45 Mt...
With a full majority government in power, India is now starting to see the benefits of a relatively stable political system. And the country boasts two of the 60 safest cities in the world: New Delhi and Mumbai. Country profile Life – and indeed business – in India is an adventure like...
Government and Public Finance Last Frequency Range Consolidated Fiscal Balance: % of GDP (%) -4.9 Dec 2024 quarterly Mar 2005 - Dec 2024 Forecast: Government Expenditure (INR bn) 151,611.822 2030 yearly 1989 - 2030 Forecast: Government Net Debt (INR bn) 423,251.563 2030 yearly 1992 - ...
The country’s utilities, overwhelmingly in government hands, are barely able to keep pace with the rapidly rising demand for various types of service. Electricity consumption, for example, increased 16-fold between 1951 and 1980 and more than quadrupled again in the next quarter century. The bul...
Nonetheless, higher levels of economic activity are expected to help offset the decline in revenue and help the government adhere to its fiscal deficit target. The revenue forgone along with reduced investment requirement in the 80C scheme will translate into increased purchasing power for Indian ...