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Introduction:
Energy security has been significant to the economic transformation, global prosperity and well-being of the human kind. Energy security will continue to be detrimental to the existing life and much more crucial to the developing countries than the developed world.
India, one of the fastest growing major economies, is also the fastest growing energy consumer in the world. And set to become the most populous nation, it is not well endowed with energy reserves. India has mammoth task of meeting its economic and social developmental goals, and lift its millions of people out of poverty. The country has no option but to strive for sustained growth rate of 8-10% to achieve this.
Body:
In the past, India’s energy security has been narrow in its approach, mainly aimed at managing supply. But over the past two decades, India’s energy security policy has evolved and approach is much more inclusive which takes into account the political, economic, social and environmental issues and concerns under which the energy security policy is being pursued today internationally. India’s quest for energy security could be seen under the framework of four ‘A’s: availability, accessibility, affordability and acceptability, which is to make energy accessible to all the sections and sectors at an affordable price in a socially and politically acceptable carbon-controlled environment.
Energy security policies:
Way Forward: India’s energy policy is being pursued in a much more inclusive manner in its domestic and international settings to address its fast-growing energy demand in a competitive geo-political environment. India energy exploration abroad in the new regions is putting in direct competition with with China
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