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Date Created: 12/21/15
Coal Sector in India Introduction Energy is a necessity for satisfying human consumption needs and well being. It has been the key driver of global economic growth over the last two centuries. The conventional sources of energy include coal, oil, natural gas, hydro and nuclear power. In recent years there has been an increased focus on switching to energy generated from renewable sources such as solar, wind, biomass etc. In 2012 the global consumption of primary energy increased by XX% over the previous year to XX million tons of oil equivalent (mtoe). With a rapidly growing economy, India's energy consumption is increasing and will continue to do so for the foreseeable future. After growing by XX% in 2007-08 the Indian economy managed to register a growth of only XX% in 2008-09. However, the economy bounced back in response to the stimulus measures Complete Report @ http://www.marketreportsonline.com/315879.html Buy Report @ http://www.marketreportsonline.com/contacts/purchase.php?name=315879 Coal Sector in India undertaken by the government and recorded XX% in 2009-10 and XX% in 2010-11. The next two years were again disappointing with a growth of XX% in 2011-12 and advanced estimate for 2012-13 pegged at XX%. he lower growth of the last two years shows that the economy is still not running on its own steam. The prognosis for the near future is still very cautious but the medium to long term scenario is optimistic. Even the current rates of growth are high when compared to that of many developed countries and the higher growth of the coming years will bring about a huge rise in demand for energy. In the "Approach to the Twelfth Five Year Plan 2012-17" the Planning Commission has looked at two alternative targets for economic growth in the Twelfth Plan. The first target is XX% growth, which is a restatement of the Eleventh Plan target (that in Complete Report @ http://www.marketreportsonline.com/315879.html Buy Report @ http://www.marketreportsonline.com/contacts/purchase.php?name=315879 Coal Sector in India all likelihood will not be achieved) and the second target is an even higher XX%. The commission points out that in order to achieve the XX% target there must be a significant acceleration of growth in agriculture, electricity, gas and water supply besides manufacturing. The XX% target would require a faster growth in all the above sectors with an especially large expansion in the energy sector where the supply constraints are severe. Even for lower growth targets the energy consumption needs will continue to be high as shown by the energy-GDP elasticity below. As per BP Statistical Review of World Energy, India's total commercial primary energy consumption in 2011 was XX mtoe. This was XX% of the global consumption and XX% higher than what India consumed in 2010. In comparison to several other developed and even developing countries, Complete Report @ http://www.marketreportsonline.com/315879.html Buy Report @ http://www.marketreportsonline.com/contacts/purchase.php?name=315879 Coal Sector in India India has a low per capita consumption. With rapid growth in the Indian economy the energy demand is set to grow significantly in the coming years. A look at the historical experience of several countries around the world shows that the current stage of economic development being experienced by India is driven by energy consumption and any growth and expansion requires a higher level of energy consumption. Complete Report @ http://www.marketreportsonline.com/315879.html Buy Report @ http://www.marketreportsonline.com/contacts/purchase.php?name=315879
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