NEW DELHI (Commodity news world ): India's energy demand may slow down to 4.5% per annum by 2030 on improvements in energy efficiency, according to global energy giant BP plc.
According to the report, India's energy imports will jump drastically by 2030 to meet the domestic needs. The country's gas imports will jump 47%, crude oil by 91% and coal will jump 40%.
India's share of industry will continues to grow, as infrastructure development and manufacturing gains and manufacturing expands to absorb a growing labour force.
Meanwhile, according to the report, China and India will be the world’s largest and third largest economies, jointly accounting for about 35% of global population, GDP and energy demand.
India is expected to consume half the total energy consumed by China in 2030.
By 2020, coal will remain the commercial source of energy.
In 1999-2010, India’s annual energy demand growth accounted for 5.5% per annum.
According to the report, India's energy imports will jump drastically by 2030 to meet the domestic needs. The country's gas imports will jump 47%, crude oil by 91% and coal will jump 40%.
India's share of industry will continues to grow, as infrastructure development and manufacturing gains and manufacturing expands to absorb a growing labour force.
Meanwhile, according to the report, China and India will be the world’s largest and third largest economies, jointly accounting for about 35% of global population, GDP and energy demand.
India is expected to consume half the total energy consumed by China in 2030.
By 2020, coal will remain the commercial source of energy.
In 1999-2010, India’s annual energy demand growth accounted for 5.5% per annum.
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