India's Looming Power Crisis and the Way Forward: An Ode to Sustainability

Sovik Mukherjee
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Sovik Mukherjee: Shri Shikshayatan College, Kolkata, India

International Journal of Sustainable Economies Management (IJSEM), 2017, vol. 6, issue 1, 64-81

Abstract: The quantum jumps in the size of energy demand and acute power shortage in India means that it is high time to tap the non-conventional sources like wind, solar, biomass energy, etc. In this backdrop, the objective of the paper is to construct a Power Generation Deprivation Index (PGDI) to bring to the surface the issue of the looming power crisis. Given the inter-state variability among the focus variables considered coupled with the multicollinearity issue, made the author to use Principal Component Analysis (PCA). Also, a theoretical framework has been designed to show how the power usage over time can be derived but the empirical estimation of this framework is not a part of this article and has been left for further research. The findings validate the existence of a looming power crisis in India and finally the policy implications based on sustainable management of non-conventional sources of power have been discussed.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jsem00:v:6:y:2017:i:1:p:64-81

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