Era of Market Globalization: A Review of Energy Demand, Opportunities, and Challenges in India

Varun Dhiman (), Deepak Pant and Som Dutt Sharma
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Varun Dhiman: Central University of Himachal Pradesh
Deepak Pant: Central University of Himachal Pradesh
Som Dutt Sharma: Dr. YS Parmar University of Horticulture and Forestry

A chapter in Economics and Policy of Energy and Environmental Sustainability, 2022, pp 63-77 from Springer

Abstract: Abstract The main objective of this chapter is to explore the relationship of market globalization with the Indian energy sector. It analyzes the historical perspective and role of market globalization in boosting the economy. The expanding and globalized Indian economy demands more energy requirements. Globalization in India has many aspects and implications for the energy sector. It enhances the process of rapid urbanization, which ultimately affects the energy sector. In the last few decades, it achieves satisfactory growth and performance with the rise of huge opportunities for the domestic and global market as well. But still have the presence of key challenges in this sector. Apart from reviewing the historical perspective of market globalization in India, this chapter tries to highlight the present status of energy demand, existing opportunities, and challenges associated with this sector.

Keywords: Development; Economy; Energy sector; India; Market globalization; Policies (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-5061-2_4

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DOI: 10.1007/978-981-19-5061-2_4

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